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China Tightens Rare-Earth Grip on U.S. Firms, Threatening Trade Clash

The move targets two U.S. manufacturers at the center of the Trump administration’s effort to rebuild the domestic supply chain for critical magnets.

Β© Steve Marcus/Reuters

MP Materials’ open-pit rare-earth mine in Mountain Pass, Calif., in 2020.
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While the World Scrambles for Oil, China Sits on Full Tanks

The possible reopening of the Strait of Hormuz may not prompt China to return quickly to prewar levels of oil purchases from the Persian Gulf.

Β© Hector Retamal/Agence France-Presse β€” Getty Images

An oil refinery in Nanjing, in China’s eastern Jiangsu province, last month. Chinese companies kept their refineries running throughout the war.
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