Overview
- The White House says Beijing committed to address shortages of yttrium, scandium, neodymium, and indium.
- The factsheet also says China will address U.S. concerns over export limits on rare earth processing equipment and technology.
- Reuters reports China’s export controls still tightly restrict some shipments despite a deal reached last October.
- China’s Commerce Ministry left rare earths out of its summit readout, which raises questions about implementation.
- China refines over 90% of rare earths, so defence, aerospace, and chip firms remain exposed to supply shocks.