In a move with far-reaching implications for global supply chains and global diplomacy, China has lifted its export restrictions on rare earths to India. However, China controls over 70% of global rare earth production and processing, making its export policies a significant geopolitical lever. The impact of China lifting rare earth export curbs on India is more symbolic than direct as far as the United States is concerned. While China temporarily paused some curbs for 28 U.S. entities in May of this year, the restrictions on rare earths remain intact. A Strong Signal to Washington Regarding SupplyThe move should come as a supply chain wake-up call for Washington, underscoring the ongoing urgency of diversifying rare earth supply chains.