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US Treasury Secretary Scott Bessent has said that China has made a “real mistake" by threatening to shut off the exports of rare earth minerals and drew attention to Beijing’s ability to use them as a coercive tool.

In an interview with the Financial Times published on Saturday, Bessent criticised Beijing’s decision to tighten control over rare earth exports and said that the move revealed China’s readiness to “weaponise" materials vital to defence systems, electric vehicles, and consumer electronics.

“China has alerted everyone to the danger. They’ve made a real mistake," Bessent said, adding, “It’s one thing to put the gun on the table. It’s another to fire shots in the air."

Bessent noted that while the US and China had reached a certain “equilibrium," Beij

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