Imports of finished and unfinished permanent magnets, which are largely made of rare-earth metals, fell to 16,281 tonnes during the April to September period, registering a 56% drop from a year earlier, according to the ministry of commerce data. That’s the steepest fall in a six-month period in the last seven years. In the financial…
The Trump administration is reportedly considering a plan to restrict US software exports to China in response to Beijing’s latest rare earth export restrictions, Reuters reported, citing a US official and sources briefed by authorities. The potential measures could target products ranging from laptops to jet engines. Scope of proposed measures The proposed restrictions are…
China’s sweeping new restrictions on rare earth exports jolted governments and set off a race to secure alternative supplies, in a stark demonstration of Beijing’s global clout and growing risks for companies. The rules announced last week require overseas firms to obtain Chinese government approval before exporting products containing even trace amounts of certain rare…