Ministry of Commerce: The Chinese government lawfully and regularly implements export controls on rare earths and other critical minerals, and reviews license applications that are compliant and for civilian use.
China's Ministry of Commerce announced that the country will implement export controls on critical minerals like rare earths, while still reviewing applications for compliant and civilian use. This move comes as part of preliminary trade discussions with the United States, where both sides aim to address mutual concerns and ensure global supply chain stability. In a separate development, Chinese airlines are set to acquire 200 Boeing aircraft, with the US committed to providing necessary engine and parts support. AI
IMPACT This policy decision on critical minerals could impact the supply chain for AI hardware manufacturing, potentially affecting production costs and availability.