China's Rare Earth Grip Holds Despite Trump-Xi Talks

Donald Trump returned from Beijing calling his two-day summit with Xi Jinping a "success,” but the rare earth market is less convinced. Despite closely watched talks on May 14-15, no formal agreement emerged on China's export controls, and shipments of the critical heavy minerals that power everything from F-35 fighters to electric vehicles remain well below historical levels. That is the assessment from BMI, the Fitch Group research unit, which said China's stranglehold on global rare earth sup