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.
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HDR | Hickory Daily Record
Record and LandmarkCan 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.…
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
NTD NewsChina ‘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.
China ‘made a real mistake’ on rare earth export curbs, says Bessent
US Treasury Secretary Scott Bessent has criticised China for tightening control over rare earth exports, calling it a “real mistake” that exposed Beijing’s willingness to weaponise key minerals vital to global industries.
‘Alerted everyone’: US treasury secy Scott Bessent slams China over rare earth controls; calls it a ‘real mistake' - The Times of India
International Business News: US Treasury Secretary Scott Bessent criticized China's rare earth export restrictions as a \"mistake\" that \"weaponized\" the vital minerals. Beijing's
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