CHINA’S COMMERCE MINISTRY CLARIFIES THAT RARE EARTH EXPORT CONTROLS DO NOT AMOUNT TO AN EXPORT BAN — ELIGIBLE APPLICATIONS WILL CONTINUE TO RECEIVE LICENSES.
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@FirstSquawk China always clarifies after the market reacts. Rare earths are still leverage, but U.S. production rose 40% last year and supply chains are diversifying. Beijing’s control isn’t as strong as it thinks.
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@FirstSquawk
https://t.co/9F3goIuikQ here is the full story!
After a chaotic Friday of 100% tariff threats and market turmoil, China finally responds. Beijing defends its rare earth export curbs as “legitimate". And now, the Trump–Xi meeting later this month hangs in the balance. What is happening? Let us explain. (a thread)
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@FirstSquawk That was quite literally in the statement that came out before the market opened Friday lol
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@FirstSquawk it is an export ban to those who can’t get a license because china doesn’t like them
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@FirstSquawk "Eligible applicants." And who gets to determine who's eligible? Yep, the communists running the Chinese government. Nobody should be buying this crap
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@FirstSquawk Notice “Eligible Applications” You know They lie constantly. They literally are going behind peoples back
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@FirstSquawk @epictrades1 Don’t see how people are getting excited about this. Doesn’t seem like anything has changed.
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@FirstSquawk Eligible applications are not "Defense" application btw. It will be decided by CCP which application is civil and which can be used for military just like USA do with Chip and dual use technology. You need to ask for license and submit a written guarantee for it.
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@FirstSquawk So China is limiting its rare earths like how Claude Code is limiting their api usage for their paid users.
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@FirstSquawk @Reformed_Trader DJT🤥💩 probably knows this and made his threat to profit illegally off the sell off
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@FirstSquawk China is limiting rare earth exports to companies that use them for weaponry / military applications. This includes F35 jets and Palatir. So this is unacceptable to the US. Creates too much uncertainty. There have to be talks coming and this will be resolved.
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@FirstSquawk @epictrades1 Trumps tariffs were the trigger, will have to see if he back pedals.
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@FirstSquawk So technically not a ban — but definitely a pressure valve. Case-by-case approvals still give Beijing leverage over the entire supply chain, especially when “eligibility” is subject to shifting political considerations.
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