💨 Abstract

China has eased restrictions on rare earth element exports to the U.S., temporarily relieving pressures on U.S. businesses due to China's tight control over these critical minerals, essential for various high-tech and defense applications. The easing follows negotiations in London, but uncertainties and potential future restrictions remain. China's controls have led to disruptions in the global supply chain, particularly in Europe's automotive industry. companies are working to expand domestic processing capabilities to reduce reliance on China.

Courtesy: WTOP Staff