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Trump, Xi to weigh rare earth truce extension, but China's curbs still bite

By Reuters May 12, 2026 Bearish
Trump, Xi to weigh rare earth truce extension, but China's curbs still bite
China and the U.S. are considering extending a truce on Chinese rare earth export curbs at a leaders' summit this week, but Chinese customs ​data shows Beijing is still throttling shipments of the materials vital for defence and manufacturing.
China and the U.S. are considering extending a truce on Chinese rare earth export curbs at a leaders' summit this week, but Chinese customs ​data shows Beijing is still throttling shipments of the materials vital for defence and manufacturing.