In a significant move, China has confirmed that its suspension of rare earth export controls will now extend to the EU, following a pivotal meeting between Chinese and U.S. leaders. This decision comes as the EU scrambles to reduce its reliance on Chinese supplies amidst rising market tensions and supply chain disruptions.
China's recent export controls on rare earths are raising alarms in the U.S. as they could significantly impact defense technology and computer chip production, just weeks before a crucial meeting between President Trump and Xi Jinping.
China has imposed stricter controls on rare earth exports, targeting processing technology and limiting access for overseas defence and semiconductor users. This move could lead to significant global shortages once again.