China’s rare-earths industry is a “trade trump card,” one headline blared after Xi Jinping’s visit to the country’s production center
SHANGHAI—President Xi Jinping pinpointed a source of leverage his government has over high-technology industries critical to the U.S. economy, touring a region of China that calls itself a rare-earths kingdom with his top trade negotiator.
Mr. Xi’s visit this week to one of the world’s largest suppliers of rare earths—natural elements used for wind turbines, electric cars and jet fighters—is a reminder of the world’s dependence on China for their production.
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