This has allowed them to solidify their control of the supply chain for these rare earth elements, which I said are essential to literally every electric motor. And they've China has enforced strict export controls to maintain their position [in rare earth elements]. They've used this strategy to create a near global monopoly on the mining and processing of rare earths and critical minerals such as lithium, which is used to produce magnets and other essential components for vehicles, drones, defense systems, and much more. (08:43–08:49)
CLAIM
Asserts that China enforces strict export controls to maintain its position in rare earth elements.
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