Rare Earth Wars – China’s mineral Power Play Triggers a Global Scramble In recent months, China has tightened export controls on several heavy and medium rare earth elements, imposing a new licensing system that has slowed or paused shipments of samarium, terbium, dysprosium, and others. Beijing presents the move as a routine measure to safeguard strategic resources, whereas trading partners view it as a reminder of the world’s reliance on China’s processing capacity. The immediate result has been higher prices and lengthier lead‑times, prompting manufacturers from Europe to North America and across Asia to reassess inventories and diversify supply chains. China’s 25‑Year checkmate on critical minerals China’s latest restrictions did not come out of the blue – they are the culmination of decades of strategic planning. Over the last quarter-century, China methodically built up a domestic and global rare earth empire. It consolidated dozens of mines into six big state-run groups, mastered the dirty work of processing these metals, and invested in overseas deposits from Africa to Asia. Beijing now holds a stranglehold on rare earth supply chains, especially for the heavier, more specialized rare earths. By 2023, China was responsible for roughly 90% of the world’s refined rare earth