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China plans to ban rare earth magnet exports, which could cripple the global supply chain of high-tech products. Rare earth magnets are essential for many devices, such as electric vehicles, wind turbines, smartphones, and military equipment. This could trigger a trade war and force other countries to find alternative sources or develop their production capabilities.

#China #RareEarth #TradeWar

https://americanmilitarynews.com/2023/04/china-plans-to-ban-rare-earth-magnet-exports/