Trump-Xi Call is not enough to solve critical mineral shortages

Pekin – The high stakes among the United States and China among the high stakes on Thursday, this summer can still solve the global shortcoming of the exports of rare land exports.

Rare lands are used in weapons, cars and other high-tech products along with a larger group of critical minerals. China came to dominate the mining and production of metals and gradually restricted international sales in the last two years.

In early April, China announced new export controls in seven rare land elements. Unlike other measures, Did not beekin determined whether the answer was To increase the US tense.

After both sides reached the trade agreement on May 12, the Ministry of Trade said he had a meeting on the same day Strengthen export control over critical minerals. There was no large group of restrictions on seven rare.

In Washington, Washington, waiting for the restriction of rare lands, came in a surprise in Washington, because the trade agreement will stop the most tariffs in both countries and will return to 90 days.

However, so far, only some Chinese suppliers of US companies have received a six-month export license for rare lands, China Chamber of Commerce, Friday, Friday, asked members of members on May 23-28.

Among the respondents affected by rare places, 75% of respondents said that the current supply will be exhausted within three months. Research and development, sources, industrial and technological, but no consumers or services companies, but consumers or services have shown a survey.

When China does not celebrate rare places in the read of the Chinese President Xi Jinping’s Call with US President Donald TrumpThe long-awaited conversation herself pointed out that the violation of the trafficking agreement between the two countries will be accused of the violation of the agreement and continue to speak.

“I think we are very good shape with Chinese and trade deal” Trump told journalists Thursday call. “As you know, we have a spoil with China, but some points have been forced to do mostly with rare earths and other things.”

Had not developed. However, Trump, US Treasury Secretary Scott Bessent, Trading Secretary Howard Lutnick and US Trade Representative Jamieson Greer would meet their Chinese counterparts in unspecified time.

Additional trading talks will be returned to the high economists of Jianwei Xu, YiaAnweI, which are the things of the United States and the people of China and the beginning of this year on Friday. According to him, China can accelerate export approval for rare lands and reduces the restrictions on some technological exports to China.

“I think that both China and the United States have not been so much for the feasts of each other, but more tariffs informed about the problems, especially technical and unique places,” he said.

There are several European car parts companies had to stop producing nowIndustrial association ClePa said on Wednesday. In the coming week, it affected a broader effect and approved about 25% of the “hundreds of export license applications” provided in China.

China has recently relieved to have relieved some export departments, despite some European companies, the European Union Chamber of Commerce said on Friday. However, “Many companies have warned that a severe supply chain is not enough to prevent violation.

“Our members are still fighting the export license, but also have a negative impact on production lines in Europe and other countries,” he said, President of the European Room Jens Eskelund said.

Japanese car Suzuki motor Reuters stopped the production of a fast car due to the rare land areas of China declare On Thursday, two names are expected to be partially on June 13, citing two unnamed sources. It was not possible to comment immediately when Suzuki motor words contacted CNBC.

“China’s export departments are in accordance with universal practices. Such measures are discriminatory and not targeted in any country,” China’s spokesman Lin Jian, according to the transcript in official English.

Yonggiang, a spokesman for the Ministry of Commerce, answered a question about Chinese companies that restricted the sale of a critical mineral detained outside the country in Rotterdam last week last week.

During a separate press conference on Thursday, the application of export licenses in accordance with China’s regulations and promote “comfortable and appropriate trade”. According to the CNBC translation of the Chinese.

Export control control in 2023 Gallium and germaniumTwo metal used in Chipmmaking, China, announced similar constraints after a year Antimon exportsIn the bullets, nuclear weapons are used in the production and lead acid batteries. Can also strengthen other metals.

A few months later, China has left a wider policy restrictions on the export of products that may have both civil and military use. Export controls cover metals like tungsten He considers the United States critical.

Tungsten is as tough as a diamondand used in weapons, semiconductors and industrial cutting machines.

The average car has about 300 grams (10.6 ounces), most of them are lost RecyclingIn Austrian-based steel and metal market research, Martin Hotwagner said the market analyst. Because the supply is low, Western companies expect to run out of tungsten after this summer.

– CNBC’s Sam Meredith helped this report.