The Chinese government has reportedly issued a draft law that will create a new export quota management system for rare earths that are used in the production of renewable energy, transportation and defense equipment. That followed WTO cases that required a change in China’s export rules in May 2015 and coincides with the Biden administration’s push to build resilience in critical material supply chains. China remains the leading exporter of rare earths with 39.7% of global exports in the 12 months to July 31. China’s exports have been in a steady decline and dropped by 30.9% year over y...