America, rare earths
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The moves by Apple and the Pentagon are part of a broader U.S. push to nearshore rare earth supply chains. Earlier this year, President Trump proposed annexing Greenland, an autonomous Danish territory estimated to contain $4.4 trillion worth of rare earth reserves. Vice President JD Vance made a surprise visit in support of the plan.
This comes after China had earlier in April imposed tighter export controls on rare earth magnets — critical components for electric vehicles, wind turbines, and electronics. The move resulted in a sharp drop in global shipments and rising uncertainty across supply chains.
Just four months into his tenure at the Pentagon, private equity billionaire Steve Feinberg has landed his first big deal: a $400 million bet on the US’s only miner of rare-earth elements, a key commodity in the rivalry with China.
China's rare earth export curbs disrupt India's electric vehicle (EV) ambitions, sparking urgent policy shifts and efforts to reduce dependency through domestic production and alternative sourcing.
U.S. efforts to break China's dominance of the rare earths market and to drive investment in its own industry have moved up a gear with a Washington-backed plan to create a separate, higher pricing system.
Dust and groundwater contaminated with heavy metals and radioactive chemicals pose a health threat that the authorities have been trying to address for years.
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China's exports growth beat expectations in June as businesses continued to divert shipments to non-U.S. markets while shunning the U.S. despite a tariff reprieve.
By Jarrett Renshaw and Karen Freifeld WASHINGTON/BEIJING/HONG KONG (Reuters) -Nvidia's planned resumption of sales of its H20 AI chips to China is part of U.S. negotiations on rare earths, Commerce Secretary Howard Lutnick said on Tuesday,
Low environmental standards helped China become the world’s low-cost producer of rare earths, but Beijing was also focused on helping the industry.