Latest news with #strategic minerals
CNA
3 days ago
- Business
- CNA
China vows tougher action against smuggling of strategic minerals
SHANGHAI: China vowed on Saturday (Jul 19) to step up a crackdown and toughen law enforcement against smuggling of strategic minerals seen as vital to national security and critical for development. The remarks by the commerce ministry came a day after the state security ministry accused foreign spy agencies of having tried to "steal" rare earths and pledged to crack down on infiltration and espionage targeting the critical sector. The world's largest supplier of dozens of strategic minerals, China began imposing export curbs in 2023 on supplies vital to sectors ranging from chipmaking and the energy transition to defence. The commerce ministry remarks, describing smuggling and export of strategic minerals as a severe problem to be combated, came at a meeting of officials responsible for export control coordination and other government bodies. "Cases of smuggling by a small number of criminals for their own selfish interests and collusion between domestic and foreign parties are still occurring," it said in a statement. Evasive methods such as false declarations and third-country transshipment were taking on increasingly covert forms, it added, urging government bodies to prevent illegal outflows of strategic minerals and related technologies. China has adopted a "zero-tolerance" approach to smuggling and export of strategic minerals, which it will fight with a heavy hand, through special efforts to toughen law enforcement, the ministry said.
Bloomberg
3 days ago
- Politics
- Bloomberg
China Vows ‘Zero Tolerance' for Smuggling of Critical Minerals
Chinese authorities vowed 'zero tolerance' for the smuggling of strategic minerals and saidd it would strengthen law-enforcement to crack down on illegal shipments and the unauthorized transfer of related technology. At a meeting on Saturday, China's coordination office on export control highlighted recent cases of critical-mineral smuggling involving false declarations and transshipments through third countries, according to the state broadcaster CCTV.
