Jun. 30 at 10:42 AM
$UUUU $NB $REMX
China's export controls impact products beyond rare earth, magnets, FT says
China's export controls are impacting products beyond the rare earths and magnets officially identified by Beijing, threatening supply chain disruptions and undermining U.S. claims a new trade deal had resolved shipment delays, Edward White of The Financial Times reports. Back in April in retaliation for Donald Trump's tariffs on Chinese imports, Beijing began to require license for exports of seven rare earth metals and magnet materials.
On June 10, the U.S. agreed with China that rare earth shipments should be expedited, but China's commerce ministry and customs officials have begun demanding additional inspections, third party chemical testing, and analysis of products not included in the original control list. Companies involved in the development and mining of rare earth minerals include Nova Minerals (NVA), Ioneer (IONR), Lynas Rare Earths (LYSCF), MP Materials (MP), Energy Fuels (UUUU), NioCorp (NB) and VanEck Vectors Rare Earth/Strategic Metals ETF (REMX).
