China's State Council has reportedly rolled out a new set of regulations aimed at strengthening control over the country's rare earths resources and securing its local supply chain. According to a June 29 Reuters article, the regulations, which are set to take effect on October 1, introduce stringent oversight on the mining, smelting and trading of rare earth elements.These 17 minerals are crucial for various high-tech applications, including electric vehicle magnets and consumer electronics. The new rules assert that rare earth resources are owned by the state, which will strictly supervised...

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