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…
(Bloomberg) — China’s Premier Li Qiang came to the Group of 20 summit not only poised to defend his country’s rare earths curbs, but also armed with offerings to quell concerns of developing nations. Critical minerals became a defining theme of Africa’s first G-20 summit this weekend. Sessions were dedicated to the topic as European…
The US-China rivalry has long been cast as a contest between two superpowers, with one rising and the other defending its primacy. This competition has been largely measured in GDP growth, military spending and the number of aircraft carriers and alliances each side could marshal. The central criteria is “who holds power” or “who has…
US Treasury Secretary Scott Bessent said Sunday that Washington hopes to finalize a deal with China for securing supplies of rare earths by the Thanksgiving holiday at the end of November. Under the tentative deal — reached in late October at a meeting between Presidents Donald Trump and Xi Jinping in South Korea — Beijing…
A rare earths deal between the US and China will “hopefully” be done by Thanksgiving, Treasury Secretary Scott Bessent said in remarks that were broadcast on Sunday. Bessent’s comments follow a framework agreement announced last month in which Washington agreed not to impose 100 per cent tariffs on Chinese imports and China would hold off…
Brussels and Beijing are both to blame for their strained ties and clear communication is needed to handle sensitive issues like Taiwan and rare earths, according to a veteran business leader and China watcher. Joerg Wuttke, former president of the European Union Chamber of Commerce in China, said the 27-member bloc should also redouble efforts…
By Ernest Scheyder and Pratima Desai (Reuters) -China for decades has sought to manipulate global critical minerals prices, using its control as an economic weapon to expand its manufacturing sector and its geopolitical influence, a U.S. House of Representatives committee said on Wednesday. The allegations, contained in a 50-page report from the bipartisan U.S. House…
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…
The European Union welcomed China’s suspension of expanded rare earth restrictions imposed last month, even as crisis talks in Brussels on Friday appeared to yield no relief for European firms still constrained by the original export controls. After a full day of talks in the Belgian capital, the European Commission described the pause in controls…
US President Donald Trump hailed his high-stakes meeting on Thursday with Chinese leader Xi Jinping as a “great success”, marked by progress on thorny trade issues. Trump agreed to reduce America’s fentanyl-related tariffs on China by 10 percentage points and cut the overall tariff rate on Chinese imports from 57 per cent to 47 per…