US EditionChina made a mistake by 'firing shots' on rare earths, Bessent tells FT
US Treasury Secretary Scott Bessent called China’s rare earth export controls a mistake and highlighted a one-year suspension after summit talks to ease global supply disruptions.
- On November 1, 2025, US Treasury Secretary Scott Bessent called Beijing's rare-earth export limits a 'real mistake' and said `China has alerted everyone to the danger` in GYEONGJU, South Korea.
- China's October restrictions targeted rare-earth technologies and materials linked to defence systems, electric vehicles and consumer electronics, and Scott Bessent said the move revealed Beijing's readiness to `weaponise` critical minerals.
- The controls rattled markets and snarled supply chains, highlighting China’s dominance of about 70 percent of global rare earths sector production.
- Following talks at the APEC summit in South Korea, China agreed to suspend certain export restrictions for one year, and Scott Bessent said Washington has prepared `offsetting measures` to secure supplies within `12 to 24 months`.
- Plans to diversify supplies and incentivize magnet production are underway as Bessent said Beijing's leverage will fade within 12 to 24 months while the Trump administration accelerates domestic mining and refining with Congressional support.
27 Articles
27 Articles
Culpeper Star-Exponent
Can US weaken China's grip on vital rare earths market?
China's promise to delay its newest restrictions on the export of the rare earths that are crucial to many high-tech products for one year as part of a trade agreement President Donald Trump secured creates an opportunity for the U.S.…
China ‘Made a Real Mistake’ With Rare Earth Threats: Bessent - The Thinking Conservative News
Treasury Secretary Scott Bessent said China’s rare earth export threats “backfired,” spurring the U.S. and allies to secure new sources within two years. The post China ‘Made a Real Mistake’ With Rare Earth Threats: Bessent appeared first on The Thinking Conservative News.
Beatrice Daily Sun
Can US weaken China’s grip on vital rare earths market?
China’s promise to delay its newest restrictions on the export of the rare earths that are crucial to many high-tech products for one year as part of a trade agreement President Donald Trump secured creates an opportunity for the U.S.…
The Epoch Times
China ‘Made a Real Mistake’ With Rare Earth Threats: Bessent
Treasury Secretary Scott Bessent said China “made a real mistake” by threatening to restrict exports of rare earth minerals, adding that Beijing’s move has jolted the United States and its allies to fast-track efforts to secure new sources within the next two years. In an interview published by the Financial Times on Oct. 31, Bessent said China had drawn global attention to its willingness to use critical minerals as leverage. “China has alerted…
China made ‘a real mistake’ with rare-earth export curbs, says US Treasury Sec Scott Bessent
US Treasury Secretary Scott Bessent said that China has made a ‘real mistake’ threatening to shut off the exports of rare earth minerals. Bessent said that the leaders have reached an ‘equilibrium.’ Here's what he said.
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