Key Points
- U.S. President Donald Trump said magnets and “any necessary rare earths” will be supplied up front by China as part of a trade agreement.
- Tensions escalated after China imposed export restrictions on several rare earth elements and magnets widely used by the automotive and defense sectors.
- Oil prices popped on the news.
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Key Points
>- U.S. President Donald Trump said magnets and “any necessary rare earths” will be supplied up front by China as part of a trade agreement.
>- Tensions escalated after China imposed export restrictions on several rare earth elements and magnets widely used by the automotive and defense sectors.
>- Oil prices popped on the news.
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