China’s Rare-Earth Gambit: Tech Stocks Crash, Miner Profits Soar Amid Trade War Escalation
On Oct. 9, China’s Ministry of Commerce issued “Announcement No. 61” of 2025, dramatically expanding export controls on critical minerals ts2.tech reuters.com. Five additional rare-earth elements were added to the restricted list, on top of seven elements already curbed in April aljazeera.com ts2.tech. In total 12 of the 17 rare-earth metals now require special licenses for export aljazeera.com. Beyond raw elements, China also slapped new controls on processing equipment and technology needed to refine these minerals aljazeera.com ts2.tech. Notably, Chinese rules will apply extraterritorially: foreign firms using Chinese-sourced rare earths or technology must obtain Chinese approval even to export finished magnets or high-tech products reuters.com ts2.tech.