All articles tagged with #china export controls
MP Materials and other rare-earth miners' stocks surged due to China's export restrictions and US retaliation threats, with MP reaching a 52-week high, amid broader trade tensions and increased domestic production efforts in the US for critical minerals used in high-tech and electric vehicle industries.
MP Materials and other rare-earth stocks surged due to China's export restrictions and US retaliation threats, with MP reaching a 52-week high, driven by geopolitical tensions and the importance of rare earths in tech and EV manufacturing.
US Trade Representative Jamieson Greer criticized China's recent expansion of export controls on rare earth minerals as a 'power grab,' highlighting a setback in US-China relations amid ongoing trade tensions and US threats to impose higher tariffs.
California Governor Gavin Newsom criticized former President Trump's deal for the federal government to take a stake in Intel, calling it reckless and comparing it to China's nationalization practices, and expressed outrage over the implications for private industry and national security.
The tightening of China's export controls on rare earth magnets has caused global supply chain disruptions, prompting automakers and industries to pay premiums for alternative sources outside China, such as Europe and Vietnam, though building sufficient ex-China production will take years and involves complex pricing and supply challenges.
The automotive industry is facing significant challenges due to China's recent export restrictions on rare earth elements, crucial for vehicle manufacturing, leading to production delays and potential shutdowns across Europe and Japan, as industry players seek alternatives and call for diplomatic solutions.