Hello and welcome to the details of Trump says China rare earths deal is one year, extendable and now with the details
Nevin Al Sukari - Sana'a - China exercises a virtual monopoly on so-called ‘rare earth’ metals, essential for everything from household appliances to cars, energy and weapons. — Reuters pic
SEOUL, Oct 30 — US President Donald Trump said a meeting with China’s leader Xi Jinping today removed the “roadblock” on rare earths, yielding a one-year extendable deal on supplies of the crucial minerals.
China exercises a virtual monopoly on so-called “rare earth” metals, essential for everything from household appliances to cars, energy and weapons.
“All the rare earths has been settled, and that’s for the world,” Trump told reporters aboard Air Force One, adding that the deal was for a year and would be re-negotiated annually.
During his Asia tour, Trump also signed a deal with Japan securing supplies of critical minerals and rare earths.
“There’s no roadblock at all on rare earths — that will hopefully disappear from our vocabulary for a little while,” he said. — Reuters
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