China tightens export controls on rare earth production technology

China has imposed immediate export controls on rare earth production technology to solidify its global dominance in the sector. These controls aim to prevent the misuse of the technology, particularly in light of escalating rivalry with the United States. China is the world's largest producer of these critical elements. Rare earths are vital for advanced technologies like electric vehicles and smartphones, and China's control over them has become a significant factor in trade negotiations.