Impacts and implications of China’s latest rare earth export restrictions
On October 9th, China’s Ministry of Commerce (MOFCOM) announced the implementation of additional export control measures related to rare earths and associated technologies.
As with earlier restrictions imposed in April of this year, the latest export controls have been issued on the basis of national security and interests.
The updated restrictions entail a number of notable measures:
Effective immediately, exports of the following are prohibited without a MOFCOM license:
Even non-controlled goods/services require a license if the exporter knows they will aid overseas activities in these sectors.