Bargaining Chip: Earths Production and Securities Times

bargaining chip: Jiangxi, where most of China's heavy rare earths are produced, is considering how to boost the role of state-owned CSRE and encourage high-quality development, the state-run Securities Times added, according to CNN. The report highlights China's willingness to consolidate the industry and strengthen control of rare earths production, which Beijing sees as a powerful bargaining chip in the trade war. Chinese state media reported that the government of Jiangxi province was planning to provide support to China Southern Rare Earth Group CSRE the biggest producer of heavy rare earths to increase its power and gain the upper hand and say in the resource. It comes on the eve of a crucial meeting between President Donald Trump and President Xi Jinping at the G20 summit in Osaka, Japan. Heavy rare earths are vital to the production of smartphones, tablets and smart speakers. Rare earths are 17 minerals with magnetic and conductive properties that help power most electronic devices. (news.financializer.com). As reported in the news.