This year may prove to be an even more volatile year for the rare earth element (REE) supply chain after China announced a ban in late 2023 on the export of technology used to develop rare earth magnets. Although China noted that the REE technology export ban is due to โnational security concerns,โ this may be the latest sign that Beijing is hitting back against U.S.-led bans on the sale of advanced chips to Chinese companies by leveraging its dominance in the global rare earth element sector.
The ban will undoubtedly impact the creation of rare earth magnets in foreign markets such as the United States and may result in supply chain issues forโฆ
NOTE TO INVESTORS:ย The latest news and updates relating to Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) are available in the companyโs newsroom atย http://ibn.fm/UURAF
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