Senior UK politicians have condemned a terrorist attack on the Bait-ul-Mahdi Mosque in Rabwah, Pakistan, that left six people injured, two critically. The attack, which targeted the minority Ahmadi Muslim community during Friday prayers, has drawn sharp criticism from Helen Maguire MP, Lord Tariq Ahmad of Wimbledon, and Siobhain McDonagh MP. Helen Maguire, the Liberal…
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…
By Eric Onstad LONDON (Reuters) -U.S. efforts to break China’s dominance of the rare earths market and to drive investment in its own industry have moved up a gear with a Washington-backed plan to create a separate, higher pricing system. The West has struggled to weaken China’s grip on 90% of the supply of rare…
By Katha Kalia, Eric Onstad and Ernest Scheyder (Reuters) -MP Materials unveiled a multibillion-dollar deal with the U.S. government on Thursday to boost output of rare earth magnets and help loosen China’s grip on the materials used to build weapons, electric vehicles and many electronics. Under the deal, which sent MP’s shares up nearly 50%,…