However, in July 2025, the ban was lifted after negotiations linked to rare mineral access, and the US subsequently granted licenses to Nvidia to export the H20 chip to China, reportedly following a meeting between Nvidia’s CEO Jensen Huang and US President Donald Trump. This enabled Nvidia to order 300,000 H20 units from TSMC to…
Rare earths are needed for everything from consumer electronics to electric vehicles, wind turbines and fighter jets – and China controls the supply chain. In the last of a four-part series, we look at how countries are looking for alternatives that could help reduce their reliance on China. Seventy years ago, the US was the…
The Australian sharemarket is set to follow Wall Street’s record-setting trend, with the ASX 200 futures pointing to a positive end to the week amid U.S. economic signals and rising unemployment rates. In such a buoyant market atmosphere, investors often explore diverse opportunities, including penny stocks—an investment category that continues to intrigue despite its somewhat…
BEIJING (Reuters) -China’s exports of rare earth magnets to the United States in June soared to more than seven times their May level, marking a sharp recovery in the flow of critical minerals used in electric vehicles and wind turbines after a Sino-U.S. trade deal. Outbound shipments to the United States from the world’s largest…
A number of suspects involved in strategic mineral smuggling had been arrested, Chinese authorities said on Saturday, while pledging stronger enforcement of export controls to prevent illegal shipments and technology transfers for military use. The Ministry of Commerce statement came during a high-level export-control meeting in Nanning, capital of Guangxi Zhuang autonomous region – an…
(Reuters) -China has quietly issued its first 2025 rare earth mining and smelting quotas without the typical public statement, sources with knowledge of the matter said this week, another sign of Beijing tightening its control over the crucial sector. The quotas are closely monitored as a barometer for the global supply of rare earths, a…
BEIJING (Reuters) -China’s Ministry of State Security on Friday said foreign spy agencies had tried to “steal” rare earths and pledged to crack down on infiltration and espionage targeted at its critical mineral sector. Foreign intelligence agencies and their agents had colluded with “domestic lawbreakers” to steal rare earth-related items from China, posing a serious…
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…
WASHINGTON: MP Materials MP.N unveiled a multibillion-dollar deal with the US government on Thursday (July 10) to boost output of rare earths and help loosen a stranglehold by top producer China on the minerals vital for military applications, electric vehicles and wind turbines. The US Department of Defense (DoD) will become the biggest shareholder in MP, the only integrated US producer of the 17 minerals, of…
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%,…