IEA Warns Rare Earth Export Controls Could Disrupt $6.5 Trillion in Global Production
The International Energy Agency (IEA) warned that China’s expanded export controls on rare earth minerals could expose up to $6.5 trillion of global production across industries like electric vehicles, electronics, and defense systems to supply shocks. The U.S. and Europe are expected to bear nearly half the economic impact.
Topics: China export controls critical minerals economic impact global supply chains