China bans exports of rare-earth magnet technologies

New restrictions also cover processing as Beijing tightens grip

20231221N rare earth mine

A rare-earth mine in China, where much of these industrial metals are processed. © Reuters

SHUNSUKE TABETA, Nikkei staff writer

BEIJING -- China on Thursday banned exports of technology for making rare-earth magnets and imposed other restrictions related to the vital industrial metals, in an apparent response to moves by the U.S. and Japan to reduce their reliance on Chinese suppliers.

Technologies for rare-earth ore mining, ore selection and refining are also among the items added to a list of technologies subject to export controls. Technologies related to extracting and separating rare earths and producing alloys were already banned for export.

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