China said it will address U.S. concerns over shortages of specialty rare earth minerals and processing technology following last week’s summit between President Donald Trump and Chinese President Xi Jinping in Beijing. The White House said China agreed to discuss export restrictions impacting minerals including yttrium, scandium, neodymium, and indium, which are critical to aerospace, defense, semiconductors, and electric vehicle supply chains involving companies such as Boeing ($BA), NVIDIA ($NVDA), and Tesla ($TSLA).
- The White House said China will address U.S. concerns over export restrictions on rare earth minerals and related processing equipment.
- China imposed tighter rare earth export controls in April 2025 following Trump’s “Liberation Day” tariffs.
- Rare earth materials such as scandium and neodymium are used in semiconductors, military systems, EV motors, and aerospace manufacturing.
- The summit also produced agreements covering Boeing aircraft purchases, U.S. agricultural imports, and the creation of new U.S.-China trade and investment boards.
- China currently refines more than 90% of the world’s rare earth supply.
Relevant Companies
- Boeing ($BA) - China approved an initial purchase of 200 Boeing aircraft during the summit agreements.
- NVIDIA ($NVDA) - Semiconductor manufacturing relies on specialty rare earth materials and related supply chains.
- Tesla ($TSLA) - Electric vehicle motors and battery systems use rare earth inputs including neodymium.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
