When it comes to rare earth elements — critical for many industries — it’s all about China. And more and more companies are trying to break the stranglehold the country has over its supply. Rare earth elements, or REEs, are a group of 17 elements that are used in many industrial applications, most notably in…
CHONGQING, CHINA – JULY 26: In this photo illustration, metal cubes representing rare earth elements including Scandium (Sc), Yttrium (Y), Neodymium (Nd), Lanthanum (La), and othersare stacked in a stepped formation in front of the national flag of China, with each cube marked with its chemical symbol, atomic number, and atomic weight, on July 26,…
From ‘G-2’ to US President Donald Trump’s many concessions on technology and tariffs, Chinese leader Xi Jinping scored many victories in their summit in South Korea. From ‘G-2’ to US President Donald Trump’s many concessions on issues ranging from technology and tariffs, Chinese leader Xi Jinping on Thursday scored many victories in their summit in…
US President Donald Trump and his Chinese counterpart Xi Jinping have wrapped up a summit in South Korea with a deal to keep Chinese rare earth exports flowing. Refined tellurium is displayed at the Rio Tinto Kennecott refinery, May 11, 2022, in Magna, Utah. (AP) Here are some basic facts about these obscure elements making…
US Treasury Secretary Scott Bessent confirmed the finalization of an agreement on TikTok, following months of negotiations over Chinese control of the app’s algorithm. “We reached a final deal… and I believe that as of today, all the details are ironed out,” speaking to CBS from Kuala Lumpur, Bessent said, noting that the leaders would…
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…
CHATTANOOGA–The prevailing idea that the U.S. and China are locked in a trade war is missing the point, according to Leland Miller. What the two countries are engaged in is a war over who controls supply chains and “choke points” for critical products. At the FreightWaves’ Festival of Freight (F3) conference here, Leland Miller, the…
The setting today may feel less like an Indiana Jones script, but a similar mining partnership between the US and Brazil could once again take shape—this time around the critical minerals that are roiling modern geopolitics. As Donald Trump and Luiz Inácio Lula da Silva’s governments seek to mend their differences, the development of strategic…
US Treasury Secretary Scott Bessent confirmed plans to speak with Chinese Vice-Premier He Lifeng on Friday in a further sign of easing tensions ahead of a potential meeting between the two countries’ leaders. “The vice-premier, who is my counterpart, and I will be speaking this evening at around 8.30, 9 o’clock,” Bessent said at the…
In the global contest for leadership in electric vehicle production, the United States is weakening support for EVs, while China – the main economic rival – continues to move forward, strengthening its dominance in global electric vehicle sales and in the supply chains for batteries and rare earth elements. After returning to power, Trump and…