China Implements New Rare-Earth Export Controls Ahead of Xi-Trump Meeting

China has announced expanded export controls on rare-earth materials, citing national security concerns, just before a crucial meeting between Xi Jinping and Donald Trump. This decision raises tensions in international trade and could disrupt global supply chains, affecting various industries reliant on these essential materials. The move has also led to a surge in shares of rare earth production companies, underscoring the strategic importance of these resources in technology and manufacturing.