(Bloomberg) — Almost 10 days since President Donald Trump declared a “done” trade deal with Beijing, US companies remain largely in the dark on when they’ll receive crucial magnets from China — and whether Washington, in turn, will allow a host of other exports to resume. Most Read from Bloomberg While there has been a…
(Reuters) -MP Materials, which owns the only U.S. rare earths mine, said on Thursday it has stopped shipping the critical minerals to China for processing after Beijing boosted import tariffs to 125% in response to U.S. levies, sending the company’s shares down nearly 5%. The move essentially halts a major source of revenue for MP…
For years, the Chinese government has worked to control the export of rare earths, a group of metals used in an array of products, as common as semiconductors and lights. Now, in its trade war with the United States, China is moving to limit the market for these metals even further, which could have disastrous…
China has suspended exports of a wide range of critical minerals and magnets, threatening to choke off supplies of components central to automakers, aerospace manufacturers, semiconductor companies and military contractors around the world. Shipments of the magnets, essential for assembling everything from cars and drones to robots and missiles, have been halted at many Chinese…
China has vowed to “continue to take resolute measures” to protect its interests against what it called “suppressive” tariffs imposed by the United States. In a position paper released on Saturday evening, the Chinese foreign ministry said the US levies had “severely violated” the legitimate interests of other countries and “severely undermined the rules-based multilateral…
Liudmyla Shestakova has lost a lot to this war — her son, and his wife, who died together on the front lines. But she’s a realist, like many in this mining region in central Ukraine. And ever since President Trump suggested it, she has thought that her country should sign a proposed deal that would…
Catch up on some of SCMP’s biggest China and economy stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. US shot across China’s bow in shipbuilding could backfire as allies fall short Though the US has unveiled a sweeping port fee proposal designed to hamstring China’s…
By Jack Conness, Senior Policy Analyst, Energy Innovation DONETSK REGION, UKRAINE – FEBRUARY 12: A vast open-pit mine stretches across the landscape on … [+] February 12, 2025 in Donetsk Region, Ukraine. The U.S. President Donald Trump is pressuring the Ukrainian government to approve a 500 billion USD agreement, described as “payback” for past U.S….
President Trump’s intense interest in Ukraine’s minerals seemed to come from out of the blue. He dispatched his Treasury secretary to Kyiv this month to negotiate with Ukraine’s leader, then began ratcheting up the pressure publicly in what appeared to critics like a Mafia don’s extortion scheme. “I want security of the rare earth,” he…
Officials in Ukraine and the Trump administration say they are close to a deal that would give the United States revenues from Ukraine’s minerals and other natural resources, including titanium, lithium, oil, natural gas and rare earth elements. A draft agreement seen by The New York Times described the creation of an U.S.-controlled fund that…