U.S. and Chinese negotiators reached a deal for China to resume rare earth exports under temporary licenses, pending President Xi Jinping’s approval.
The agreement aims to relieve automakers like Ford within weeks but underscores national security risks of relying on China for critical minerals.
The Pentagon is clashing with the White House over an $80 million loan to rare earths refiner ReElement Technologies amid due diligence concerns.
China maintains its export controls are lawful and will only address “reasonable” U.S. concerns, signaling restrictions are here to stay.
U.S. companies are urgently seeking alternative sources in Australia, Canada and Saudi Arabia as domestic production ramps up.
Deal reached amid crisis—and why it’s not enough
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