Tag: Rare-earth element

International Business and TradePolicy

G7 Nations Coordinate Response to China’s Rare Earth Export Restrictions, Pursue Supply Chain Alternatives

The Group of Seven nations has agreed to maintain a unified approach to China’s recent export restrictions on rare earth minerals. European officials confirm coordinated efforts to address supply chain vulnerabilities while pursuing supplier diversification.

G7 Nations Forge Unified Stance on Chinese Export Controls

Finance ministers from the Group of Seven nations have reached consensus on maintaining a coordinated response to China’s expanding export controls on rare earth minerals, according to reports from Washington meetings. European Economic Commissioner Valdis Dombrovskis confirmed the agreement occurred during International Monetary Fund gatherings, where officials expressed shared concerns about China’s dominant position in global supply chains.

by Michael Turner
BusinessManufacturing

UK Rare Earths Refinery Scrapped as Project Shifts to US Amid China Market Dominance

A major UK rare earths refinery project at Saltend has been abandoned as developer Pensana shifts focus to the United States. The decision highlights growing tensions in global critical minerals supply chains and China’s market dominance in the sector.

UK Rare Earths Refinery Project Abandoned

A planned rare earths refinery in the United Kingdom has been scrapped in favor of developing similar facilities in the United States, according to reports. The Saltend chemical park project, which would have given the UK a strategic position in the rare earths industry currently dominated by China, has been officially dropped by developer Pensana.

by Jessica Moore P.E.
International Business and TradePolicy

U.S.-China Trust Crisis Deepens as Trade Retaliation Escalates

Trust between the United States and China is deteriorating rapidly as both nations implement retaliatory trade measures. Recent rare earth restrictions, expanded tariffs, and corporate blacklisting reflect what analysts call a fundamental breakdown in diplomatic relations between the world’s two largest economies.

Trust between the United States and China is deteriorating at an alarming rate as both nations implement increasingly aggressive trade measures that analysts characterize as either retaliation or dangerous escalation. The recent flare-up in tensions highlights what economists describe as a fundamental breakdown in diplomatic relations between the world’s two largest economies, with potentially severe consequences for global markets.

Recent Escalation in U.S.-China Trade Relations

by Jessica Moore P.E.