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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 […]