Beijing Tightens Grip on U.S. Rare-Earths, Foreshadowing Trade Clash
TL;DR
China’s Ministry of Commerce barred Chinese suppliers from shipping certain rare-earth metals to two U.S. firms, MP Materials and USA Rare Earth, targeting America’s effort to rebuild a domestic magnet supply chain. Given China’s dominance of light and heavy rare earths, the move raises the risk of a broader trade clash as Washington continues to invest in domestic production and the global supply chain, against a backdrop of prior export controls and IP disputes.
Topics:nationbusiness#business#export-controls#mp-materials#rare-earths#us-china-relations#usa-rare-earth
- China Tightens Rare-Earth Grip on U.S. Firms, Threatening Trade Clash The New York Times
- China hits back at US sanctions on tech giants, restricting its exports to American defense firms ABC News - Breaking News, Latest News and Videos
- China imposes trade curbs on dozens of U.S. firms in retaliation for Pentagon blacklist CNBC
- China Slaps Restrictions on Dozens of U.S. Companies WSJ
- China Places Two US Rare Earths Producers on Export Control List Bloomberg.com
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