Beijing is at the forefront of expanding export restrictions on critical minerals that are restricting the availability and raising the price of raw materials needed for a green energy transition, according to an OECD report.
More than 13,000 restrictions had been implemented by the end of 2020, a fivefold increase in more than a decade that means a 10th of the global value of critical raw material exports face at least one such measure.
The OECD said that since 2020, the latest detailed analysis available, even more restrictions had been introduced.
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