China Leaps to the Top, Breaking 56 Years of Western Monopoly!

There has been a significant shift in the rare earth industry in China. Previously, China had accounted for a large percentage of the world’s rare earth reserves, but unregulated mining and low-price sales caused a decline in its share. However, the situation has changed, and China’s rare earth reserves have increased, prompting discussions about the need for other countries, such as the European Union, to have their own rights to operate rare earth mines. Rare earth elements are essential for various industries, from technology to defense and agriculture. China’s historical challenges in refining rare earths and acquiring the necessary technology were overcome with the efforts of Xu Guangxian, known as the “Father of Rare Earths.“ His research and breakthroughs placed China ahead in the smelting of rare earths, despite initial blockades imposed by other countries.“China Focus“ is a YouTube channel created to provide current events and pop culture headlines from you can get to know a more real China through my video. ｜ #ChineseNews #chips #ChinaFocus Thanks for your watching and subscribing.