Trump, Xi to weigh rare earth truce extension, but China's curbs still bite

China and the U.S. are weighing an extension of the truce on Chinese rare earth export curbs at a leaders' summit this week, but customs data indicate Beijing is still restricting shipments. The ongoing throttling of rare earths is negative for defense and manufacturing supply chains, keeping trade and export-control risks elevated. The article suggests limited near-term relief despite diplomacy, with potential implications for industrial input availability and pricing.

Analysis

China and the U.S. are weighing an extension of the truce on Chinese rare earth export curbs at a leaders' summit this week, but customs data indicate Beijing is still restricting shipments. The ongoing throttling of rare earths is negative for defense and manufacturing supply chains, keeping trade and export-control risks elevated. The article suggests limited near-term relief despite diplomacy, with potential implications for industrial input availability and pricing.