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China pauses rare earth export limits for a year after U.S. talks, easing global supply concerns.
China has suspended for one year its October 9 export restrictions on rare earth materials and related technologies, following diplomatic talks between President Xi Jinping and former President Donald Trump in South Korea.
The pause, confirmed by an unnamed Ministry of Commerce spokesperson, allows time for policy review and aims to ease escalating trade tensions.
The move provides relief to global industries reliant on rare earths for electronics, electric vehicles, and defense systems, while China maintains existing controls on key heavy rare earths.
The temporary truce coincides with broader efforts by the U.S. and allies to diversify supply chains amid concerns over China’s dominant role in rare earth production and processing.
China suspende los límites de exportación de tierras raras durante un año después de las conversaciones estadounidenses, aliviando las preocupaciones mundiales de suministro.