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.

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