China Rare Earth Firms Halt Some US Shipments Over Geopolitical Worries, Sources Say China's dominance of the global rare earth market has long been a contentious issue, with Beijing exerting significant control over supply lines.
The latest development is a stark reminder that geopolitics can be a major disruptor in global trade: Chinese suppliers have begun halting shipments to US companies due to fears of repercussions from Beijing.
The Busan agreement, signed last year between the two nations, aimed to ease tensions by ensuring the smooth flow of export licenses.