Rare earth metals reignite tensions between America and China
Some Chinese rare earth suppliers are refusing to export to American companies, fearing Beijing's sanctions. China dominates nearly 70% of global rare earth production and 99% of refining. The move comes ahead of Chinese President Xi Jinping's planned visit to Washington on September 24, 2026, and follows China's sanctions on the Responsible Business Alliance in early August 2026.
Why it matters: This highlights the ongoing trade tensions and strategic use of rare earths as leverage in US-China relations, a key theme in the briefing.