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Gold price on Tuesday, October 21: Gold starts at $4,371 as rare earths gain attention

Gold price on Tuesday, October 21: Gold starts at $4,371 as rare earths gain attention

Gold Futures Update Gold futures started the day at $4,371 per ounce, reflecting a 0.8% increase from Tuesday’s close of $4,336.40. In initial trading, prices even climbed to $4,393.60. Rare earth minerals have emerged as a significant factor in the ongoing US-China trade conflict. These minerals are essential for manufacturing computer chips, with China accounting […]

Cleveland-Cliffs to manufacture rare earths in the US

Cleveland-Cliffs to manufacture rare earths in the US

In a recent discussion, major U.S. steel manufacturers are looking to enhance domestic production of rare earth minerals. This move seems to be a reaction to China’s increasing control over these resources amidst ongoing trade tensions, particularly with the previous Trump administration. Cleveland-Cliffs, a prominent steel producer based in Ohio, made an announcement regarding this […]

China’s Grip on Rare Earths Is a Call to Action

China's Grip on Rare Earths Is a Call to Action

China’s Recent Actions Signal a Need for Awareness China’s latest moves should definitely raise alarms. In a significant development, President Trump and Xi Jinping are set to meet face-to-face for the first time in nearly a year. Ahead of this summit, China has revealed plans to tighten its control over rare earth materials, which are […]

Trump strives to close the gap with China’s lead in rare earths

Trump strives to close the gap with China's lead in rare earths

President Trump is urgently addressing a marked escalation in the U.S.-China trade conflict, particularly with implications for critical technology supplies. This week, officials in the Trump administration revealed plans to take a more proactive approach in securing “rare earths,” which are essential minerals used in various key technologies, following China’s recent export restrictions. The new […]

China Increases Restrictions on Rare Earths Before Trade Discussions with Trump

China Increases Restrictions on Rare Earths Before Trade Discussions with Trump

On Thursday, China’s Ministry of Commerce announced new restrictions on the export of rare earth minerals. These minerals are crucial for the production of semiconductors, electric vehicles, green energy technologies, and other significant advancements. Analysts view this decision as preparation for an impending trade discussion between Xi Jinping and Donald Trump. China is a dominant […]

Trump cancels possible meeting with Xi of China over rare earths conflict

Trump cancels possible meeting with Xi of China over rare earths conflict

President Donald Trump has decided to end plans for a meeting with President Xi Jinping following China’s recent move to tighten export controls on rare earth minerals. He expressed his thoughts on this situation on Truth Social, stating, “Something very strange is happening in China!” He remarked on China’s escalating hostility, alleging they are attempting […]