China Blocks Japan From 'Heavy' Rare-Earths Supply, Will Filter Down Across Global Supply Chains [zero hedge]
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Source: zero hedge
China Blocks Japan From 'Heavy' Rare-Earths Supply, Will Filter Down Across Global Supply Chains Going all the back to November 7, when Japanese Prime Minister Sanae Takaichi first provoked outrage in China by suggesting that Japanese Defense Forces could militarily defend Taiwan in the event of a Chinese invasion, there's been a steady spiraling in relations between Tokyo and Beijing. First, China's punitive measures took place merely on the tourism, culture, and diplomatic fronts - also with some limited economic measures such as halting its exports of seafood from Japan. New action was also unveiled at not more than a weekly pace, or even monthly - but now after it's been several months with no retraction and formal apology by Takaichi (demanded by Beijing), the screws are tightening on a daily basis . After this week barring Japan from dual use items (anything with military-civilian application), China has begun depriving Japan of rare earth minerals and rare earth magnets - which
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