China has decided to increase its rare earth element exports. How will this situation affect global competition?

Trade Ministry Spokesperson Hi Yadong announced in Beijing that China is reviewing export license applications related to rare earth elements. These elements have military and civilian applications.

China has imposed restrictions on rare earth elements in response to US tariff increases. This situation is escalating trade tensions between the two countries.

The US is trying to develop new strategies to reduce its dependence on China's rare earth elements. However, this will be a time-consuming process.

China has established significant dominance in the rare earth elements market globally. This situation is impacting the strategic plans of other countries.

Turkey has significant potential in the field of rare earth elements. Developments in this area could strengthen Turkey's position in global competition.