Indeed, and is it related to Biden’s meeting?
Nikkei Asia last night: SHANGHAI -- China will tighten export controls on rare earths, requiring exporters to report rare-earth types and their export destinations, Beijing announced Tuesday, against a backdrop of domestic calls for a response to stricter limits on U.S. semiconductor exports to China. The new restrictions are set to run through the end of October in 2025. Observers say China's move to tighten its grip over the strategic materials may be a negotiating tactic ahead of a planned November summit between Chinese President Xi Jinping and his U.S. counterpart, Joe Biden. China's commerce department announced that it had added rare earths, including compounds and alloys, to its list of mineral resources and other items requiring disclosure of information such as material type and export destinations.?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)