[Tee tiong huat]

Through years of efforts, China has formed a complete industrial chain around REEs. In 2022, China accounted for 63 percent of the world's rare-earth mining, 85 percent of rare-earth processing, and 92 percent of rare-earth magnet production, according to Politico.

The new rare-earth extraction technology could increase China's advantage in rare-earth sectors by making the extraction process greener and more efficient. The strategy could help China keep its leading position in the global rare-earth industrial chain.