Earlier this year, the electric-vehicle maker decided that it would stop using China-based suppliers for Tesla cars that are made in the U.S., according to people familiar with the situation. Tesla and its suppliers have already replaced some China-made components with parts made elsewhere. Tesla is aiming to switch all other components to those made…
Far from Washington’s trade battles and Beijing’s export bans, Australia’s richest person, Gina Rinehart, has turned a global minerals tug-of-war into a personal windfall. The mining magnate, a vocal admirer of Donald Trump, is now profiting handsomely from the world’s push to break its reliance on China’s rare-earth supply chain. From her Perth headquarters, Rinehart…
By Eric Onstad and Amy Lv LONDON/BEIJING (Reuters) -Prices of two rare earth elements needed for super-strong magnets have surged to their highest in more than two years after U.S. miner MP Materials (MP) stopped raw material exports to leading magnet maker China amid rising demand. China dominates the global supply chain for rare earths,…
By Eric Onstad and Amy Lv LONDON/BEIJING (Reuters) -Prices of two rare earth elements needed for super-strong magnets have surged to their highest in more than two years after U.S. miner MP Materials stopped raw material exports to leading magnet maker China amid rising demand. China dominates the global supply chain for rare earths, accounting…
Chinese officials have summoned domestic companies, including major tech firms Tencent and ByteDance, over their purchases of Nvidia’s H20 chips, demanding explanations and expressing concerns about information risks. The Cyberspace Administration of China (CAC) and other agencies have also held meetings in recent weeks with Baidu and smaller Chinese tech companies. According to sources speaking…
Foxconn has quietly pulled back hundreds of Chinese engineers from its iPhone plants in southern Indiaa move that could throw a wrench into Apple’s (NASDAQ:AAPL) fast-tracked diversification plans. More than 300 workers have already flown home over the past two months, according to people familiar with the matter, leaving mostly Taiwanese support staff on the…