China, Rare Earth
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China, Trump and Xi
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China’s far-reaching rules already affect manufacturers of semiconductors, cars and many other products. They will soon become much broader.
The White House is considering banning exports to China of all items that were made with or contain U.S.-made software in response to China’s announcement of rare earth export controls. According to Reuters,
Cleveland-Cliffs CEO Lourenco Goncalves announced plans to explore rare earth mineral production at sites in Michigan and Minnesota amid China's export controls.
IEA indicates that Malaysia is critical for future rare earth refining and ASEAN and Austrlia have critical mining, reserves and refining of rare earths.
President Donald Trump called China's rare earth export controls a 'bad moment' as both countries navigate tensions over critical defense materials, and potential tariff increases.
Share of rare earth stocks are trading lower Monday amid potential U.S.-China negotiations that could delay export controls.
China will make “substantial” purchases of US soybeans, Treasury Secretary Scott Bessent said Sunday after talks with Chinese counterparts, in a sign that the relations are thawing ahead of a possible leaders’ meeting.