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...
The U.S. Secret Service shot an armed man outside the White House early Sunday following a confrontation. The man has been hospitalized, according to a statement from the agency.
At the time of the incident, President Donald Trump was not at the White House, as he is spending the weekend at his Florida residence.
The Secret Service received a tip from local authorities on Saturday, warning that a suicidal individual, reportedly traveling from Indiana, might be heading to Washington. The individual's car was found one block away from the White House. When officers approached, the man brandished a firearm, prompting the Secret Service to open fire just after midnight.
The man was taken to a nearby hospital, and his condition remains unknown. No injuries were reported among the Secret Service personnel. Washington's Metropolitan Police, who are investigating the incident, did not immediately respond to requests for comment.
This incident is part of a broader history of security-related shootings near the White House. In 2016, a man was shot after brandishing a handgun at a security gate. In 2023, a 20-year-old attempted to break through the White House's barriers with a rented truck.
President Trump also narrowly escaped an assassination attempt in July, when a gunman fired at him during a rally in Butler, Pennsylvania, grazing his ear. A Secret Service review later attributed the near-miss to communication failures and lack of diligence.
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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.
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