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As the trade conflict between China and the United States escalates, there are signals that China might restrict the export of rare earth minerals to the U.S.
China Rare Earth Group Co., Ltd., a state-owned enterprise (SOE), was established on Thursday in eastern China's Jiangxi Province.
The U.S. blacklisting of Huawei has spurred the Chinese firm to develop its own components, while the threat of imposing rare-earth embargoes on the U.S. has initiated an interest in greater domestic production or alternative suppliers.