Taipei: In a firm response to growing concerns over China’s tightened export controls, Taiwan’s Ministry of Economic Affairs clarified on Sunday that the island nation does not rely heavily on China for its rare earth supplies. The ministry emphasized that Taiwan has successfully diversified its sourcing network, importing most of its essential materials from allied economies such as Japan, the United States, and Europe.
The clarification follows Beijing’s recent decision to expand restrictions on rare earth exports a move that has reignited global discussions about the vulnerability of high-tech industries dependent on these critical minerals. China, which dominates the global rare earth supply chain, added five more materials to its list of controlled exports, citing national security