Global Haber Gündemi @global_haber_gundemi

China and the US Competition Over Rare Earth Elements

An image related to rare earth elements.

The trade tensions between China and the US are escalating, particularly with controls and restrictions on rare earth elements (REE). This situation could change the course of global competition.

China has introduced new regulations on REE exports, warning Turkish producers to obtain export permits to avoid long waiting times and rejections of requests.

Rare earth elements are critical in various applications, from high-performance motors to MRI imaging. Therefore, difficulties in their supply can affect industries worldwide.

Turkey, with its significant REE reserves in Eskişehir, could play an important role in this process. Domestic production efforts are gaining momentum, potentially strengthening Turkey's position in the global market.

China's restrictions on REE exports pose a threat to the US defense industry. Experts suggest that this situation could accelerate US domestic production projects.

In conclusion, the competition between China and the US is becoming a situation that affects not only the two countries but the entire world. Turkey's role in this process is eagerly awaited.

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