China’s rare-earth export curbs strain magnet makers despite geopolitical leverage
China’s export restrictions on rare earths have bolstered its geopolitical hand but triggered steep losses and production cuts for its magnet manufa...
Ukrainian President Volodymyr Zelenskyy expressed his desire for stronger support from US President Donald Trump while criticizing Kyiv’s exclusion from negotiations to end his country’s war with Russia.
Speaking to reporters at Ankara Esenboğa Airport after a meeting with Turkish President Recep Tayyip Erdoğan, Zelenskyy stated, “I would like Trump to be more on our side. Many Republicans and Democrats support us, and I do not want to lose that support.”
He further observed that, “We see efforts to remove President Putin from political isolation, but that is their decision—they are negotiating.”
These remarks followed recent discussions between U.S. and Russian officials in Riyadh, marking the first direct meeting between American and Russian diplomats since the conflict began on February 24, 2022.
Zelenskyy also questioned the legitimacy of any peace negotiations that do not include Ukraine. “When they present their plans for ending the war, it raises questions for us. Where do we fit at the negotiating table? The conflict is happening in Ukraine, and it is Ukrainians who are suffering,” he said.
He emphasized, “We seek a just, lasting, and sustainable peace.”
Highlighting the need for credible security guarantees, Zelenskyy noted, “If this is only a ceasefire rather than the end of the war, it is still an important step towards de-escalating the conflict.”
The president stressed that effective peace talks must involve both Ukraine and Russia, and that representation should extend beyond the European Union to include the broader European continent. He also mentioned discussions with French President Emmanuel Macron, who had engaged with EU leaders in France, with further talks planned on this issue.
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A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
China has warned Myanmar's Kachin rebels it will block rare-earth imports from their territory unless they halt an offensive on a key junta stronghold, raising fears over the global supply of critical minerals.
China has consolidated its rare-earth sector into two state-owned giants, tightened export quotas, and introduced new supply-chain tracking systems as part of a sweeping push to reinforce its global dominance in critical mineral processing.
Beijing has warned the Trump administration against restoring steep U.S. tariffs next month and signalled it will retaliate against countries that cut China out of supply chains through bilateral deals with Washington.
China’s export restrictions on rare earths have bolstered its geopolitical hand but triggered steep losses and production cuts for its magnet manufacturers, already hit by weak domestic demand and shrinking overseas sales.
A planned 10% U.S. tariff targeting BRICS nations will be triggered only if they adopt policies deemed "anti-American", a source close to the Trump administration said, amid trade talks and denials from bloc members.
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