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<p class="MsoNormal"><span style="font-size:11.0pt">Well, I guess we need to stock up ASAP! That’s depressing news.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><o:p> </o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:12.0pt"><b><span style="font-size:12.0pt;color:black">From:
</span></b><span style="font-size:12.0pt;color:black">FFA_CEBAF_Collab <ffa_cebaf_collab-bounces@jlab.org> on behalf of Jay Benesch via FFA_CEBAF_Collab <ffa_cebaf_collab@jlab.org><br>
<b>Date: </b>Thursday, April 6, 2023 at 4:35 PM<br>
<b>To: </b>ffa@cebaf <ffa_cebaf_collab@jlab.org><br>
<b>Subject: </b>[FFA_CEBAF_Collab] China may ban export of rare earth magnets tech to counter US<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt"><a href="https://www.verdict.co.uk/china-rare-earth-magnets-ban/">https://www.verdict.co.uk/china-rare-earth-magnets-ban/</a><br>
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entire article quoted<br>
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China is reportedly planning to impose a ban on the export of technology used to make rare earth magnets due to “national security” reasons.<br>
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These ‘high-performance’ magnets are used in electric vehicles (EVs), wind turbines, aircraft, and other products.<br>
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With the move, China is believed to be trying to take control of the magnet supply chain as the world’s reliance on electric motors increases due to decarbonisation efforts.<br>
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According to the Japan Times, China is amending the Catalogue of Technologies Prohibited and Restricted from Export, a list of technologies that face export restrictions.<br>
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In December, Beijing released the amended draft for public consultation.<br>
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In the draft, manufacturing technologies for high-performance magnets that use rare earth elements including neodymium and samarium cobalt were added to the restricted list.<br>
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The consultation period ended in January and amendments could be adopted as early as 2023.<br>
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According to estimates, China owns about 90% of the market for samarium cobalt magnets and roughly 84% of the market for neodymium magnets worldwide.<br>
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Given the US and Europe’s dependence on China for the magnet technology, the ban could pose a threat to them, the publication said citing a European source.<br>
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The development comes after the US, Netherlands and Japan announced export restrictions on semiconductor technology.<br>
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Like semiconductors and storage cells, the use of high-performance magnets is expected to increase.<br>
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While Japan holds some share of the samarium cobalt and neodymium magnet market, China has been investing in facilities to produce magnets on a big scale at a low cost, which may cause Japan to lose market share in the future.<br>
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As China lags in the development of advanced semiconductors, a source in the resources sector said that “they are likely going to use rare earths as a bargaining chip since rare earths are a weak point for Japan and the US,” reported Nikkei.<br>
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