China to Ease Rare Earth Element Restrictions
Following a meeting between U.S. President Donald Trump and Chinese President Xi Jinping, China will reportedly ease its restrictions on the export of certain rare earth elements.
The summit, which took place in South Korea, covered other areas, including the discussion of TikTok and the sale of Nvidia Corp.'s graphics cards in China.
According to officials, the White House has agreed to lower some duties on Chinese imports. China processes about 90% of the world's rare earth elements, a group of 17 materials used to make networking equipment, medical devices, and other systems.
- Holmium
- Thulium
- Europium
- Ytterbium
- Erbium
These five rare earth materials had export restrictions imposed earlier this year.
China will reportedly ease its restrictions on the export of certain rare earth elements.
Author's summary: China eases rare earth export restrictions after Trump-Xi meeting.
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