Home 

China’s rare earth stocks are investors’ new hedge against trade war as Beijing rolls out countermeasures against Trump

In a twist, traders have found a hot new bet in China’s stock market that has churned out jaw-dropping gains specifically because of deteriorating US-China relations: rare earths.While the benchmark gauge Shanghai Composite Index has remained in the doldrums over the past month amid the trade stand-off between Beijing and Washington, China Minmetals Rare Earth, China Northern Rare Earth (Group) High-Tech and other major producers of the elements have shot up at least 34 per cent, making them… Source link

Read More
Home 

US-China rivalry makes rare earths a matter of national security, rather than economics

If there is anything truly rare about rare earths, it must surely be the number of times any one of us ever thought or talked about them, until just a few months ago. But for some, rare earths have been front of mind for decades. China’s paramount leader Deng Xiaoping, who in 1987 visited Baotou in Inner Mongolia, noted later: “The Middle East has oil, China has rare earths.” In the United States, it seems rare earths has been a cottage industry for security strategists for decades. The more… Source…

Read More
Home 

From rare earths to soy, the trade war will force the US and China to diversify supply

Even if Beijing and Washington eventually find a way to paper over their differences, there’s no going back to the way things were. Vulnerabilities have been exposed. In the commodity space, US dependency on China’s rare earth metals and China’s reliance on American farmers for vast volumes of agricultural imports are no longer tenable options. That reality will have global implications in the commodity sector, just as occurred in the 1970s when, even though Tokyo and Washington were close… Source link

Read More
China 

China’s May rare earth export falls as supply tapers off amid a worsening trade war with the biggest buyer of the elements

China, the world’s largest refiner and supplier of rare earth, cut back on overseas shipments of the elements in the first five months of 2019, amid growing calls by nationalists to use the country’s stockpile as a tit-for-tat response in its trade war with the United States. Exports of rare earth elements fell 16 per cent in May from a month earlier to 3,640 tonnes, according to the General Administration of Customs data. Overseas shipments for the first five months of 2019 fell 7.2 per cent… Source link

Read More
Money 

Financier Xiao Jianhua has shed his stakes in more than 10 banks, Chinese regulator says in a rare peek at a state-ordered break-up

Tomorrow Group, the conglomerate founded by Chinese financier Xiao Jianhua, has transferred its holdings in more than 10 financial institutions to new shareholders, part of a slimming exercise ordered by the government to pare debt, according to the bank regulator.The company, based in Inner Mongolia’s Baotou city, has shed its stakes in more than 10 entities including Bank of Weifang and Taian in Shandong province, and Zhongjiang Trust in Jiangxi province, the China Banking and Regulatory… Source link

Read More
Home 

Nanosys, California maker of rare earths alternative, could be hit by tariffs on both ends amid US-China trade war

Nanosys, a California developer of alternatives to rare earth elements used in televisions, tablets and flat-panel computer displays, has not been able to escape the escalating trade war between the United States and China, according to its chief executive.As trade tensions have risen between the world’s two largest economies recently, US lawmakers and others have raised concerns that China might use its dominance in rare earths – materials used in hi-tech devices ranging from mobile phones to… Source link

Read More
Home 

Caught between Trump and its biggest market, America’s sole rare earths mine is an unusual victim in the US-China trade war

MP Materials, which runs the sole operating rare earths mine in the United States, is an unusual victim in the year-long tit-for-tat trade war between the two largest economies on the planet, as the conflict looks set to open up a new battlefront over technology.The operator of the Mountain Pass mine in California said it will kick-start its own processing operation by the end of 2020, after China last week more than doubled an import duty on concentrates to 25 per cent effective June 1. MP… Source link

Read More
Home 

Explainer: Can the US take back some control of rare earths from China?

China has retaliated against the United States’ imposition of up to 25 per cent tariffs on US$200 billion worth of Chinese exports, by slapping duties on US$60 billion worth of US products from June 1, including rare earth products.One US company, MP Materials, is the primary target of these duties, which will be raised from the 10 per cent imposed in September. The company runs the US’s only commercial scale rare earth mining project, and relies on Chinese downstream processors to buy its… Source link

Read More
Home 

Trade war: will China use ‘nuclear option’ of banning rare earth exports to US?

As China looks for ways to retaliate against the United States in a rapidly escalating trade war, one potential target that is looming large, particularly for the technology sector, is rare earth metals.The minerals are vital to the production of components that power electric vehicles, anchor the audio and camera systems of Apple iPhones and help the US military’s guided missiles reach their targets.The elements – little known beyond chemists, geologists and speciality manufacturers until… Source link

Read More
Home 

Rare earth, telecom stocks lift up China markets after Xi, Huawei boost

China stocks climbed on Tuesday, as rare earth and telecommunication stocks led the advance following a company visit by President Xi Jinping and upbeat remarks by Ren Zhengfei, the founder of Huawei Technologies.The Shanghai Composite Index rose 1.2 per cent to 2905.97. The Shenzhen Component Index climbed 1.9 per cent, and the ChiNext Index was up 1.7 per cent. The CSI 300 of large companies increased 1.4 per cent.In Hong Kong, the Hang Seng Index slipped 0.5 per cent to 27,657.24.Companies… Source link

Read More