China on Thursday announced additional export controls on rare earths, expanding restrictions on critical minerals that are used in the manufacturing of everything from gadgets to electric vehicles to defense systems. Under the new rules, exports for overseas military applications won’t be allowed, while exports for uses in semiconductors and chip manufacturing equipment will require approval on a case-by-case basis, China’s Ministry of Commerce said. The new rules, which expanded from earlier restrictions announced in April, also limit the export of technologies used for rare earth production and recycling. The new rules could affect chip giants like Nvidia, if the company’s suppliers need to apply for Beijing’s licenses in order to purchase large quantities of rare earths from China. Rare earths are used in several components for Nvidia chips and servers, such as those in the cooling system. China produces the vast majority of the world’s rare earths. As U.S.-China geopolitical tensions have escalated in recent years, China’s control of rare earths has given Beijing leverage in its trade negotiations with Washington. #A Glance of China 行摄中国 #🇨🇳 ChinA.I. 🤖🧠🦾🤖 https://www.reuters.com/w..