US-based miner MP Materials and Saudi Arabia’s Maaden have taken the first step in developing an alternative supply chain for the production of rare-earth magnets — 90 percent of which come from China,

Export restrictions for 28 American companies on dual-use items are on hold for 90 days, according to China's Commerce Ministry. China also paused non-tariff measures on 17 U.S. entities on the unreliable entity list.

SHENZHEN: Even as China and the US roll back tariffs and other trade salvos amid a 90-day truce, there is one powerful source of leverage that Beijing appears to be retaining: the control of its exports of critical minerals,