The competition between China and the US is gaining a new dimension through rare earth elements. How will this affect the global economy?

In recent months, tensions between the US and China have continued to escalate due to tariffs and technology restrictions. Rare earth elements are at the center of this competition.

China is increasing export restrictions on rare earth elements to reduce US dependence in the technology sector. This poses a threat to the US defense industry and technological development.

President Trump criticized China's control over rare earth elements, stating that this situation will have significant impacts on the global market. China's dominance in this area complicates US strategic plans.

China holds 90% of the global market for rare earth elements. This makes it difficult for the US to access these elements and intensifies competition.

Turkey could play an important role in this competition with its rare earth element reserves. However, realizing this potential will take time.

In conclusion, the rare earth element war between China and the US could lead to developments that deeply affect the global economy. Turkey's role in this process should be closely monitored.