China Lifts Exports of Rare-Earth Products
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China's exports growth beat expectations in June as businesses continued to divert shipments to non-U.S. markets while shunning the U.S. despite a tariff reprieve.
China's Ministry of State Security on Friday said foreign spy agencies had tried to "steal" rare earths and pledged to crack down on infiltration and espionage targeted at its critical mineral sector.
MP Materials, the operator of the only rare earths mine in the United States, has signed a $500 million deal with Apple.
China has leveraged its dominance over rare earths for Nvidia chips; however, this expert says world isn't decoupling, it is just bartering.
MP Materials is a US producer that just last week secured backing from the Pentagon, and will now be working with the biggest name in consumer technology.