China tightens rare earth export controls ahead of U.S. talks
Reuters · Just In
Reuters
Just In
China dramatically expanded its rare earths export controls on Thursday (October 9), adding five new elements and extra scrutiny for semiconductor users as Beijing tightens control over the sector ahead of talks between Presidents Donald Trump and Xi Jinping.
Breakdown
- China expanded rare earth export controls, adding five elements and refining technologies.
- New rules require foreign producers using Chinese materials to comply with Chinese regulations. 20s
- Extra scrutiny introduced for semiconductor users, with defense users denied licenses. 26s
- The restrictions follow U.S. calls for broader chipmaking equipment export bans to China. 39s
- The curbs take effect before a trade truce expires and ahead of Trump-Xi talks. 1m 5s