After 15 years of hard work, China has now controlled 95% of the world's rare earth exports and achieved the “ultimate monopoly” in the supply of rare earths. From then on, China will occupy a favorable position in the development of electronic consumer products and green technologies.

The British "Times" reported that after years of disorderly competition and price wars, China has now controlled 95% of the world's rare earth exports. Such metals are widely used in the manufacture of mobile phones, lasers, and aerospace equipment.

At the same time, in the field of clean energy, the application of rare earth metals is also very extensive. With the increasing global demand for new energy, some experts believe that China's dominance in rare earth exports will be strategically important.

Rare-earth expert Lifton said that the role of rare earths in China is like the role of oil in the Middle East. Rare earth is a kind of "technical metal". Without rare earth, there is no technology. China has found a way to use this resource to build a competitive advantage for itself.

On the one hand, China can provide a large space for domestic companies by controlling its export share. On the other hand, by controlling exports, China can attract more foreign companies to set up factories in China to learn advanced foreign technology.

It is understood that China's rare earth reserves account for 57% of the world's total, production accounts for 75% of the world, and the current annual export volume is 38,000 tons.

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