Simplified: The Chinese government consolidated the rare earth element industry into six state-owned enterprises following the Twelfth Five-Year Plan in 2011.
Simplified: China's Twelfth Five-Year Plan announced in 2011 prioritized magnets phosphors hydrogen storage materials and abrasive polishing materials.
Simplified: China possesses a rare earth processing capacity of 220000 tonnes annually approximately five times the combined capacity of all other countries.
Simplified: China imposed export restrictions on seven rare earth elements in April 2025 in response to the tariff war initiated by U.S. President Donald Trump.