US bill to block defence contractors from using Chinese rare earth minerals

Washington: A new rare-earth bill was introduced in the US Senate on Friday, aiming to force defence contractors to end the use of rare earth minerals sourced from China by 2026. Reacting to the US move, Chinese experts said that it is another political move of the US against the backdrop of its attempt to contain China’s growth, but it will not obstruct the development of China’s rare-earth sector, reported Global Times. It is not a surprising move given Washington’s series of moves aiming to set up its own rare-earth supply chain, Liu Enqiao a senior analyst at Beijing-based Anbound…