Ganzhou, China -- Buried in the reddish soil of southern China lies latent power: one of the largest clusters of crucial rare earths is mined around the clock by a secretive and heavily guarded industry. The hills of Jiangxi province are home to most of China's rare earth mines, with...
US treasury secretary signals deal to ease trade war with China
Washington, United States -- US Treasury Secretary Scott Bessent on Sunday signaled a tentative deal with China to de-escalate their damaging, tariff-fueled trade war -- just days before a summit between Presidents Donald Trump and Xi Jinping. In an interview with ABC's "This Week," Bessent said the US threat of...
US Treasury chief: Beijing’s rare earths control is ‘China versus the world’
Washington, United States -- US Treasury Secretary Scott Bessent slammed Beijing's rare earth export curbs Wednesday as "China versus the world," vowing that Washington and its allies would "neither be commanded nor controlled." "This should be a clear sign to our allies that we must work together, and work together we...
Japan plans ‘world first’ deep-sea mineral extraction from Jan
Tokyo, Japan -- Japan will from January attempt to extract rare earth minerals from the ocean floor in the deepest trial of its kind, the director of a government innovation programme said Thursday. Earlier this week the country pledged to work with the United States, India and Australia to ensure...
Vietnam plans to auction rights to its largest rare earth mine
Hanoi, Vietnam - Vietnam plans to auction the rights to exploit its largest rare earth mine, a project partner said Thursday, as the country looks to compete with China in a sector crucial to high-tech devices. A tender for the mining of the Dong Pao mine, in northern Lai Chau province,...
