A mining executive warns that global markets are on edge ahead of a high-stakes U.S.-China summit, where rare earth supply security could hang in the balance. With the European Union eyeing alternative sources by 2025, the company’s push to break China’s dominance over critical minerals—essential for everything from green technology to defense—has become a pressing geopolitical issue. The executive emphasizes the urgency of a deal to prevent Beijing from tightening export restrictions, which could disrupt industries worldwide. As tensions rise, the stakes for a trade agreement to stabilize rare earth flows have never been higher.
Rafael Moreno, whose company has opened demo plant in Brazil, says market is ‘nervous’ as Trump-Xi summit loomsThe head of a mining company hoping to supply the EU with rare earths in two years’ time has said it is “paramount” to end China’s stranglehold on the supply of the raw materials used in everything from cars to wind turbines and military jets.As Donald Trump and China’s president, Xi Jinping, prepare to meet on Thursday in their second summit of the year, Rafael Moreno said it was also “imperative” that they do a deal for Beijing to ease up, once again, on its threat to ban exports of rare earths. Continue reading...
