Nov. 14 at 12:03 PM
$CRML
China and US Still to Agree on Rare Earth Deal Weeks After Talks
Teams from both sides have until the end of November to finalize terms for “general licenses” China pledged for US-bound exports of rare earths and other critical minerals, the source said, declining to explain delay.
The WH cited the commitment in its account of the agreement between Trump and Xi Jinping, describing it as the “de facto removal” of curbs imposed since 2023 and a major win for global supply chains.
While Washington has rolled back tariffs and paused several national security measures, China has yet to comment on the licensing pledge, though it confirmed other aspects of the truce, including a one-year pause on new rare-earth controls announced prior to the talks in South Korea.
The uncertainty has left rare-earth exporters in limbo. “Everyone is still in wait-and-see mode on how the general license process will unfold,” said Christopher Beddor, deputy China research director at Gavekal Dragonomics.
