In a move that has captured the attention of industry watchers and global trade analysts alike, China's Ministry of Commerce, in coordination with the General Administration of Customs, has imposed export controls on seven medium and heavy rare earth elements. The affected elements include samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium, with the new measures taking effect immediately.
The initiative is aimed at better safeguarding national security and ensuring compliance with international non-proliferation obligations. "These items are dual-use in nature, and imposing export controls on them is a common international practice," explained a spokesperson from the Ministry of Commerce.
The spokesperson also emphasized China’s readiness to engage in enhanced external communication and bilateral dialogues on export control mechanisms, with a focus on promoting compliant trade. This development is seen as part of broader global efforts to regulate sensitive materials that are critical to industries ranging from advanced technology manufacturing to renewable energy.
For globally connected citizens—from business and tech enthusiasts to young digital nomads—this measure underscores a dynamic shift in international trade practices, highlighting the balance between national security and the need for transparent, compliant trade channels in a rapidly evolving global economy.
Reference(s):
cgtn.com
