China announces one-year suspension of expanded rare earth export controls
China suspends export controls imposed on October 9, easing restrictions on rare earths and other key materials following trade talks. - REUTERS
BEIJING: China suspended an array of export control measures it imposed on October 9, including expanded curbs on some rare earths materials and equipment, as well as lithium battery materials and super-hard materials, the Commerce Ministry said in a statement on Friday.
AI Brief
- China suspended export controls on rare earths, lithium battery materials, and more, effective immediately.
- The move formalises a trade truce reached between Trump and Xi Jinping last month.
- Exports will be reviewed individually, with the suspension lasting until November 10, 2026.
The announcement confirmed and formalised an agreement reached after U.S. President Donald Trump and Chinese President Xi Jinping hammered out a trade truce last month.
The White House and China's Commerce Ministry had both said such an announcement was forthcoming.
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