US EditionChina's Rare Earth Export Delay Offers US a Chance to Weaken Beijing's Grip on the Market
China lifts some export restrictions on rare earths for one year to ease trade tensions, despite maintaining controls over key materials, controlling about 90% of global refining capacity.
- This month, China's commerce ministry promised to suspend its latest export restrictions on rare earths for at least a year as part of a trade truce President Donald Trump brokered with President Xi Jinping.
- The October 8 rules required ministry permission before exporting equipment and technology to process rare earths and electric vehicle battery components, while Beijing left April 4 regulations for seven rare earths and magnets in place.
- China controls roughly 90% of global rare earths processing capacity and accounts for nearly 70% of global rare earths mining, dominating the sector.
- The suspension gives U.S. and European factories short-term relief from recent export curbs and creates an opportunity for the United States and its allies to bolster domestic production and processing efforts.
- Analysts say the one-year pause looks tactical, not a full policy reversal, while industry leaders warned implementation details will matter and urged U.S. policymakers and allied governments to accelerate domestic refining and processing efforts.
25 Articles
25 Articles
Associated Press News
China's rare earth export delay offers US a chance to weaken Beijing's grip on the market
China’s promise to delay its newest restrictions on the export of the rare earths that are crucial to many high-tech products for one year as part of a trade agreement creates an opportunity for the U.S. and its allies.
China Suspends Some Rare Earth Export Controls for a Year
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Beijing eases controls on rare earths a bit. For this, the US also withdraws some sanctions against Chinese companies.
China Suspends Latest Rare-Earth Controls
China delays new rare-earth controls for one year amid wider US trade deal, but leaves in place earlier restrictions This article has been indexed from Silicon UK Read the original article: China Suspends Latest Rare-Earth Controls The post China Suspends Latest Rare-Earth Controls appeared first on IT Security News.
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