finance
China Maintains Rare Earth Export Limits After Trump-Xi Summit
U.S. President Donald Trump met Chinese leader Xi Jinping in Beijing two weeks ago. The summit produced several multibillion-dollar business deals but did not change China’s restrictions on rare earth exports.
May 27, 8:00 PM·1m read1 source
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U.S. President Donald Trump traveled to Beijing two weeks ago for a summit with Chinese leader Xi Jinping. U.S. tech firms, and seek Chinese help with the Iran conflict. Trump brought a group of American CEOs. Several multibillion-dollar deals were signed during the visit.
The White House stated that Xi remains opposed to militarization of the Strait of Hormuz. No formal agreement was reached on easing China’s rare earth export limits.
China continues to restrict exports of dysprosium, terbium, and yttrium. The country remains the dominant supplier of heavy rare earth materials. The United States and Europe are investing in domestic mining, processing, recycling, and magnet production to reduce reliance on Chinese supplies. No timeline for changes to the export restrictions was announced after the summit.
