Latest news with #rareEarths
South China Morning Post
08-07-2025
- Business
- South China Morning Post
China's rare earth dominance faces global pushback but Beijing has ‘strong hand': analysts
Beijing's recent export controls on rare earths have spurred a flurry of international efforts to diversify supply chains and reduce China's long-standing dominance in critical minerals. Advertisement In June, the Ministry of Commerce announced that it would approve qualified export applications and was open to discussions with other countries regarding the restrictions. But as rare earths emerge as a new front in the US-China rivalry, companies worldwide have announced plans for a string of projects designed to break dependence on Chinese supplies. On July 2, the Australia-listed St George Mining announced in an email that it had begun identifying enriched mineral zones at its fully-owned Araxá niobium-rare earth elements project in Brazil. Two weeks earlier, US companies Kaz Resources and Cove Kaz Capital issued a statement about their partnership with Kazakhstan's national geological company to explore and hold metallurgical tests at the Akbulak rare earth project. To fund a rare earth project in southern Greenland, the Nasdaq-listed Critical Metals Corp said in June that it had secured a loan of up to US$120 million from the US Export-Import Bank. Advertisement
The Guardian
08-07-2025
- Science
- The Guardian
Rare earths: how these critical minerals impact Australian industry and global politics
What do tariffs, Australian mining, geopolitics and the trade war between China and the US have to do with tiny magnets made from rare earth minerals like yttrium and scandium? Guardian Australia's Matilda Boseley explains
Yahoo
04-07-2025
- Business
- Yahoo
EU presses China on rare earths and Ukraine war
BRUSSELS (Reuters) -The European Union's top diplomat urged China's foreign minister on Wednesday to end restrictions on rare earths exports and warned that Chinese firms' support for Russia's war in Ukraine posed a serious threat to European security, the EU said. The statement from the EU's diplomatic service came after Kaja Kallas, the bloc's high representative for foreign policy, met Chinese Foreign Minister Wang Yi in Brussels. Kallas "called on China to put an end to its distortive practices, including its restrictions on rare earths exports, which pose significant risks to European companies and endanger the reliability of global supply chains," the EU said. On trade, Kallas urged "concrete solutions to rebalance the economic relationship, level the playing field and improve reciprocity in market access". She also "highlighted the serious threat Chinese companies' support for Russia's illegal war poses to European security". China says it does not provide military support to Russia for the war in Ukraine. But European officials say Chinese companies provide many of the vital components for Russian drones and other weapons used in Ukraine. Kallas called on China "to immediately cease all material support that sustains Russia's military industrial complex" and support "a full and unconditional ceasefire" and a "just and lasting peace in Ukraine". Wednesday's discussions were to lay the groundwork for a summit between EU and Chinese leaders later this month. Wang also met earlier in the day with European Council President Antonio Costa as part of those preparations. In that meeting, Wang called on both sides to respect each other's core interests and increase mutual understanding, adding that "unilateralism and acts of bullying have seriously undermined the international order and rules," according to a Chinese foreign ministry statement. EU officials had said they would use the meeting between Kallas and Wang to urge China to use its influence as Iran's main oil buyer to press Tehran to make a deal over its nuclear programme and de-escalate conflict in the Middle East. The EU statement did not say whether those efforts had borne any fruit. But it said Kallas and Wang "agreed on the importance of the Nuclear Non-Proliferation Treaty as the cornerstone of the global nuclear non-proliferation regime". The EU and Britain, France and Germany are parties to a 2015 nuclear deal with Iran that Washington abandoned in 2018, which they hope to revive. Iran has always said its nuclear programme is peaceful and denies seeking a weapon. Costa and European Commission President Ursula von der Leyen will travel to China for the summit with Chinese President Xi Jinping and Premier Li Qiang on July 24-25. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
03-07-2025
- Business
- Reuters
EU presses China on rare earths and Ukraine war
BRUSSELS, July 2 (Reuters) - The European Union's top diplomat urged China's foreign minister on Wednesday to end restrictions on rare earths exports and warned that Chinese firms' support for Russia's war in Ukraine posed a serious threat to European security, the EU said. The statement from the EU's diplomatic service came after Kaja Kallas, the bloc's high representative for foreign policy, met Chinese Foreign Minister Wang Yi in Brussels. Kallas "called on China to put an end to its distortive practices, including its restrictions on rare earths exports, which pose significant risks to European companies and endanger the reliability of global supply chains," the EU said. On trade, Kallas urged "concrete solutions to rebalance the economic relationship, level the playing field and improve reciprocity in market access". She also "highlighted the serious threat Chinese companies' support for Russia's illegal war poses to European security". China says it does not provide military support to Russia for the war in Ukraine. But European officials say Chinese companies provide many of the vital components for Russian drones and other weapons used in Ukraine. Kallas called on China "to immediately cease all material support that sustains Russia's military industrial complex" and support "a full and unconditional ceasefire" and a "just and lasting peace in Ukraine". Wednesday's discussions were to lay the groundwork for a summit between EU and Chinese leaders later this month. Wang also met earlier in the day with European Council President Antonio Costa as part of those preparations. In that meeting, Wang called on both sides to respect each other's core interests and increase mutual understanding, adding that "unilateralism and acts of bullying have seriously undermined the international order and rules," according to a Chinese foreign ministry statement. EU officials had said they would use the meeting between Kallas and Wang to urge China to use its influence as Iran's main oil buyer to press Tehran to make a deal over its nuclear programme and de-escalate conflict in the Middle East. The EU statement did not say whether those efforts had borne any fruit. But it said Kallas and Wang "agreed on the importance of the Nuclear Non-Proliferation Treaty as the cornerstone of the global nuclear non-proliferation regime". The EU and Britain, France and Germany are parties to a 2015 nuclear deal with Iran that Washington abandoned in 2018, which they hope to revive. Iran has always said its nuclear programme is peaceful and denies seeking a weapon. Costa and European Commission President Ursula von der Leyen will travel to China for the summit with Chinese President Xi Jinping and Premier Li Qiang on July 24-25.
Al Jazeera
02-07-2025
- Business
- Al Jazeera
EU presses China over exports of rare earth elements and Ukraine war
The European Union's foreign policy chief has urged China to end restrictions on the export of rare earth elements and warned that Chinese firms' support for Russia's war in Ukraine posed a serious threat to European security. The statement from Kaja Kallas came on Wednesday after a meeting with Chinese Foreign Minister Wang Yi in Brussels. The EU is seeking to improve its relations with China amid United States President Donald Trump's tariff war, which has rocked major trading powers. But instead of improvements, a trade spat has only deepened between Brussels and Beijing over alleged unfair practices by China. The 27-nation bloc is also railing against the flow of vital tech to Russia's military through China. On Wednesday in her meeting with Wang, Kallas 'called on China to put an end to its distortive practices, including its restrictions on rare earths exports, which pose significant risks to European companies and endanger the reliability of global supply chains', a statement from her office said. On trade, Kallas urged 'concrete solutions to rebalance the economic relationship, level the playing field and improve reciprocity in market access'. She also 'highlighted the serious threat Chinese companies' support for Russia's illegal war poses to European security'. China says it does not provide military support to Russia for the war in Ukraine. But European officials say Chinese companies provide many of the vital components for Russian drones and other weapons used in Ukraine. Kallas called on China 'to immediately cease all material support that sustains Russia's military industrial complex' and support 'a full and unconditional ceasefire' and a 'just and lasting peace in Ukraine'. Wednesday's discussions were to lay the groundwork for a summit between EU and Chinese leaders on July 24 and 25. European Council President Antonio Costa and European Commission President Ursula von der Leyen will travel to China for the summit with Chinese President Xi Jinping and Premier Li Qiang. Earlier in the day, Wang also met Costa as part of those preparations. In that meeting, Wang called on both sides to respect each other's core interests and increase mutual understanding, adding that 'unilateralism and acts of bullying have seriously undermined the international order and rules', according to a Chinese Foreign Ministry statement. Besides discussions on improving bilateral ties, Kallas and Wang also discussed the situation in Iran. While both leaders welcomed the de-escalation between Israel and Iran, Kallas said she had 'urged Iran to immediately restart negotiations on its nuclear programme and that Europe stands ready to facilitate talks', according to a statement from her office. Kallas and Wang also 'agreed on the importance of the Nuclear Non-Proliferation Treaty as the cornerstone of the global nuclear non-proliferation regime'. The EU, the United Kingdom, France and Germany are parties to a 2015 nuclear deal with Iran that the United States abandoned in 2018, which they hope to revive. Iran has always said its nuclear programme is peaceful and denies seeking a weapon.
