China Tightens Rare Earth Grip on U.S. Firms, Threatening Trade Clash | Metals Mine

  • China Tightens Rare Earth Grip on U.S. Firms, Threatening Trade Clash

    From dnyuz.com

    China took aim on Monday at a U.S. government program to reduce American reliance on Chinese imports for rare earth magnets, a move that risks reigniting trade tensions with President Trump. New restrictions will prohibit Chinese companies from shipping certain rare earth metals to two companies that are leading the Trump administration’s efforts to revive the American rare earth industry. The metals banned by China’s Ministry of Commerce are critical for a wide range of products from cars to military drones, and China controls nearly the entire global supply of them. After meeting in South Korea with Xi Jinping, ... (full story)

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