Top U.S. and Chinese economic officials launched a new round of talks in Paris on Sunday (15 March) to resolve issues in their trade truce. The discussions aim to smooth the way for U.S. President Donald Trump’s visit to Beijing to meet Chinese President Xi Jinping at the end of March.
Finance ministers from the G7 and other major economies met in Washington on Monday (12 January) to discuss ways to reduce dependence on rare earths from China, including setting a price floor and new partnerships to build up alternative supplies, ministers said.
Top U.S. officials on Wednesday criticised China’s expansion of rare earth export controls, warning it threatens global supply chains, though they said Beijing could still reverse course to avoid U.S. retaliation.
China has accused foreign intelligence agencies of smuggling rare earth metals out of the country by manipulating shipping logistics and recruiting insiders, according to a statement from the Ministry of State Security.
China has started granting export licences for rare earth elements and magnets to companies in the European Union, according to a report by the South China Morning Post, citing EU officials.
JL MAG Rare-Earth, a Chinese rare earth permanent magnet producer, has secured export licenses from Chinese authorities for shipments to the U.S., Europe, and Southeast Asia, following China's decision to curb rare earth exports in April.
Japan is preparing a strategic offer to the United States centered on rare earth elements and liquefied natural gas, aiming to secure relief from steep U.S. tariffs amid growing trade frictions with China.
A Vietnamese court has sentenced 23 officials and businesspeople for illegally exploiting and exporting rare earths from a northern mine, in a case the court called "especially serious."
You can download the AnewZ application from Play Store and the App Store.
