There are five types of rare ores used in industry: Scandium is used in the oil drilling industry, Promethium is used in the manufacture of nuclear power batteries, Lanthanum is used in the film industry and Yttrium cameras are used in the manufacture of televisions and microwave ovens. and precodymium (Praseodymium), which is used by the optical fiber industry and aircraft engines.
Patrick Chovanec, a professor of economics and management at Tsinghua University, said: China's control over the export of rare ores and other important raw materials This gives Chinese high-tech companies an advantage over foreign companies because of lower production costs. And in other words, China is trying to pressure foreign high-tech companies to move their production bases into China.
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