EXPORT CURBS
Batteries, EVs under threat? India fires on all cylinders for rare earths amid China's tightening grip
India is accelerating its efforts to secure critical mineral supplies, driven by China's increasing control over rare earth elements. New Delhi is forging partnerships with Central Asian nations and implementing an incentive scheme for mineral recycling under the National Critical Mineral Mission.
China okays rare earth licences to suppliers of top three US auto companies
China's dominance of the critical mineral industry, key to the green energy transition, is increasingly viewed as a key point of leverage for Beijing in its trade war with US President Donald Trump. China produces around 90% of the world's rare earths, and auto industry representatives have warned of increasing threats to production due to their dependency on it for those parts.
India, five central Asian countries express interest in joint rare earth mineral exploration amid Chinese restrictions
India and five Central Asian nations are keen to collaborate on exploring rare earths and critical minerals, as stated after the India-Central Asia Dialogue in New Delhi. Following the first Rare Earth Forum, they plan further discussions and delegation exchanges to identify new cooperation areas. This initiative aims to diversify the rare earth supply chain, currently dominated by China.
Indian EV Industry being hurt by additional restrictions on rare earth minerals by China: Jefferies
Indian EV companies are facing challenges due to China's restrictions on rare earth metal exports. Importing magnets, crucial for EV motors, has become difficult. Companies might consider importing fully assembled motors, but this poses new challenges. The Indian government is exploring options like building stockpiles and offering incentives for domestic production.
China's rare earth weapon changes contours of trade war battlefield
China is strategically weaponizing its supply chain, mirroring U.S. export controls. Recent rare earth export license issues, highlighted by a Trump-Xi call, reveal China's refined trade war tactics. Modelled after U.S. sanctions, China's system grants insight into critical supply chain points.
The world's auto supply chain is in the hands of a few Chinese bureaucrats
China's control over rare earth magnet exports, crucial for electric vehicles and other industries, has become a point of contention in the trade war with the U.S. Stricter export controls implemented in April have led to significant delays in license approvals, impacting global automakers and technology firms.
- Go To Page 1
China silent about lifting export curbs on rare earth metals amid growing concerns in India, world
China is maintaining its export restrictions on rare earth metals, despite international pressure from the US, EU, and India. These metals are crucial for manufacturing various products, including electronics, automobiles, and military equipment. Concerns are growing globally about potential shortages and production stoppages, as evidenced by Suzuki's recent production halt in Japan due to these restrictions.
European Central Bank cuts rates for eighth time amid trade war risk
The European Central Bank (ECB) executed its eighth interest rate cut, reducing the bank deposit rate to 2.0%, amidst controlled inflation and a cautious outlook on the Eurozone economy. Concerns over trade war risks with the U.S. and sluggish growth prompted the action, though increased government spending offers a potential medium-term boost.
India plans rare earth magnet incentives as supply threat mounts
India is negotiating with companies to build long-term stockpiles of rare earth magnets by offering fiscal incentives to boost domestic production, aiming to reduce dependence on China, which controls 90% of magnet processing and recently restricted exports.
Why rare earths are the new battleground in US-China trade war
China Rare Earths Policy: Two months after China enforced strict export controls on key rare earth elements, manufacturing industries across the United States, Europe, and India face mounting disruptions. These elements are vital to defence, electronics, and electric vehicles. India’s Bajaj Auto has issued a public warning, citing looming production halts. With global dependency on China’s rare earth dominance, the trade standoff is sparking urgent diplomatic efforts and renewed calls for supply chain diversification.
Not just India's worry, China’s rare earth chokehold tests the mettle of global industry
Global automakers and governments are raising concerns as China's restrictions on rare earth magnet exports disrupt supply chains. These restrictions, citing national security, impact critical industries like electric vehicles and defense. Nations like India, Japan, and the US are scrambling to mitigate the effects, seeking alternative sources and domestic production to reduce reliance on China.
Suzuki Motor halted Swift car production due to China's rare earth curb, Nikkei says
Suzuki Motor has stopped producing its Swift model cars in Japan. The production halt began on May 26. This is due to restrictions on rare earth elements imposed by China. The Japanese automaker initially planned to halt production until June 6. Suzuki has not yet provided an official statement regarding the matter.
EU asks China to address ‘alarming’ rare earth disruptions
Automakers like Mercedes-Benz and BMW are preparing for possible supply crunches, drawing parallels to the semiconductor crisis.
China's chokehold on rare earths set to suffocate auto industry
The move underscores China's dominance of the critical mineral industry and is seen as leverage by China in its ongoing trade war with US President Donald Trump. Trump has sought to redefine the trading relationship with the US' top economic rival China by imposing steep tariffs on billions of dollars of imported goods in hopes of narrowing a wide trade deficit and bringing back lost manufacturing.
European auto suppliers shut plants as China blocks rare earth flow, association says
European auto component plants are facing shutdowns due to a rare earth element shortage, triggered by recent Chinese export restrictions, CLEPA reports. Despite hundreds of applications for export licenses since April, only a quarter have been approved, causing significant disruption.
Global alarms rise as China's critical mineral export curbs takes hold
Global automakers are raising alarms about China's restrictions on rare earth exports, warning of potential production delays and economic disruptions. Following similar concerns from US and Indian manufacturers, German automakers have joined the chorus, highlighting the critical role of these minerals in various industries.
China's rare earth curbs threaten India's auto sector, EV production
India's auto industry faces disruption as China restricts rare earth magnet supplies, crucial for EVs and other components. Despite embassy endorsements for some importers, China's commerce ministry hasn't approved shipments, impacting various sectors beyond automobiles. Diplomatic efforts are underway to resolve the issue.
China accuses US of violating trade deal
The Chinese Ministry of Commerce issued a statement on Monday rebuking the US president's claim that Beijing breached the consensus reached in Geneva last month. The dust-up threatened to upend trade relations even as Trump expressed hope Friday he will speak with Chinese President Xi Jinping, with White House economic adviser Kevin Hassett expecting a call to take place this week.
US F-35 stealth fighter has a 'kill switch', but it's controlled by China and not America
The F-35 fighter jet's effectiveness is under threat. China's dominance in rare earth elements gives it a potential 'kill switch' over US military technology. This includes the F-35, future F-47 fighters, submarines, destroyers, drones and missiles. The US relies heavily on China for these critical materials. China has already restricted exports of some elements.
Maruti Suzuki says no immediate hit from China curbs on magnet exports
Maruti Suzuki has stated that its car production remains unaffected by China's export restrictions on rare earth magnets, crucial for both electric and gasoline vehicles. This announcement comes after Indian car and component manufacturers expressed concerns to Prime Minister Modi's officials about potential production halts due to these restrictions.
Nvidia discloses more China risks, but CEO Huang praises Trump
Nvidia's sales surged by 69%, but the company cautioned about escalating US-China tech tensions. Restrictions on Chinese AI models and connected vehicle tech could hinder growth. Despite export curbs costing billions, Nvidia anticipates strong sales, driven by deals in Saudi Arabia, the UAE, and Taiwan.
A China move risked leaving Indian car production dead in its tracks
India's car production faced risk due to China's export restrictions on rare earth magnets. These magnets are vital for car components. SIAM urged government intervention to ease restrictions. China controls most of the global processing capacity. India imports a significant amount of these magnets from China. The import process requires approvals and certificates.
Nvidia chief calls Elon Musk an ‘extraordinary engineer’, says Optimus robot will be next big thing
Despite recent geopolitical challenges, including US restrictions on chip exports to China, Nvidia has continued to post strong financial results. For the most recent quarter, it reported revenue of $44.1 billion, up 69% year-on-year, with net income rising 26% to $18.78 billion.
Nvidia shares rise as sales hit from China export curbs not as bad as feared
Nvidia surpassed sales expectations due to AI chip stockpiling before new U.S. export restrictions to China. However, these restrictions are projected to cut $8 billion from the current quarter's sales, leading to a lower-than-expected forecast.
Nvidia discloses more China risks, but CEO praises Trump
While Nvidia CEO Jensen Huang on a conference call with analysts praised US president Donald Trump's decision to rescind an export rule put in place by President Joe Biden that would have regulated the flow of Nvidia's chips around the world, the company's quarterly filing noted that no new rule had been issued in its place and that a "replacement rule may impose new restrictions on our products or operations."
Nvidia reports record-breaking $44 billion revenue as AI chip demand skyrockets despite China export ban
Nvidia reported blockbuster Q1 results, exceeding expectations with record revenue and data center sales driven by surging AI demand. Despite a $4.5 billion hit from U.S. export curbs to China, the company's shares rallied. CEO Jensen Huang remains optimistic, emphasizing investments in American manufacturing and anticipating further growth in AI computing.
China may relax rare earth export curbs for some chip companies
China is considering easing restrictions on rare earth exports. This relaxation would benefit Chinese and European semiconductor companies. The move follows concerns about supply chain disruptions. European businesses have expressed urgency for faster approvals. The current licensing process is causing delays. These delays could halt European production lines. Discussions between Chinese and European firms have taken place.
Nvidia earnings to reveal hit from US export curbs on China
Nvidia investors await clarity on the financial impact of US chip export curbs to China as the company prepares to report earnings. The restrictions may cost up to $4.5 billion per quarter. While new markets like the Middle East offer growth, China remains a major uncertainty for future sales.
Nvidia to launch cheaper Blackwell AI chip for China after US export curbs, sources say
China remains a huge market for Nvidia, accounting for 13% of its sales in the past financial year. It's the third time that Nvidia has had to tailor a GPU for the world's second-largest economy after restrictions from U.S. authorities who are keen to stymie Chinese technological development.
Load More
