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...
Israeli Prime Minister Benjamin Netanyahu held consultations with security chiefs and ministers on Friday after an Israeli delegation returned from Cairo without securing an agreement on extending the Gaza ceasefire, two Israeli officials confirmed.
srael is seeking to extend the current 42-day truce through the Muslim fasting month of Ramadan, according to a Hamas official. However, Hamas insists on moving directly to the next phase of negotiations aimed at a permanent end to the war. Mediation efforts by Egypt and Qatar are ongoing, but with the ceasefire set to expire on Saturday, uncertainty remains over the next steps.
The agreement, initially brokered last month, temporarily halted 15 months of hostilities and facilitated the exchange of 33 Israeli hostages and five Thai nationals for approximately 2,000 Palestinian detainees. It was intended to lead to further negotiations, yet both sides have accused each other of violations, casting doubt over the deal’s next phase.
Israel has previously stated that it is ready to resume military operations if all hostages are not returned. Meanwhile, Hamas has called for immediate international pressure on Israel to advance to the second phase of the truce. Palestinian Authority official Varsen Aghabekian also urged for negotiations to proceed as originally planned, stating, "I doubt anyone in Gaza will want to go back to war."
The future of Gaza remains a contentious issue, with no consensus among Israeli, Palestinian, Western, or Arab leaders on governance, security, or reconstruction. U.S. President Donald Trump remarked that negotiations were ongoing but gave no certainty on their outcome. His recent proposal for the U.S. to oversee Gaza’s redevelopment and relocate its population to Egypt and Jordan has been rejected by Arab nations, while European countries reaffirmed their support for a two-state solution.
The ceasefire has held for six weeks, despite mutual allegations of breaches. The United Nations has highlighted concerns over the conditions of released hostages and detainees, further complicating efforts to maintain stability. With time running out, diplomatic efforts remain crucial in determining whether hostilities will resume or if a path toward lasting peace can be found.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
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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