China has approved the export of rare earth elements. This situation may affect global competition.

The Chinese Ministry of Commerce stated that export controls on rare earth elements are ongoing. This situation directly affects sectors such as electric vehicles and defense industry.

In recent years, the demand for these elements has increased, while China's implementation of export controls draws attention in the context of trade wars with the USA.

China's dominance in rare earth elements poses a threat to the US defense industry. Experts suggest that this situation could create an opportunity for Turkey.

Turkey has significant reserves in rare earth elements. This situation may allow Turkey to have a greater say in the global market.

China's restrictions in this area could accelerate efforts to establish new supply chains worldwide. Turkey may play an important role in this process.