China keeps tight grip on rare earths, costing at least one company ‘millions of euros’

Key Points

The European Chamber of Commerce in China said at least one of its members is “losing millions of euros” due to Beijing’s curbs on rare-earth exports.
China controls the majority of the global rare-earth supply chain, giving Beijing leverage in trade talks.
The chamber also called on China to address several pain points for businesses as the country prepares its next five-year plan.

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