China issues rebuttal to U.S. calls to pull rare earth controls, Reuters says

Chinese state media issued a seven-point rebuttal to U.S. calls for Beijing to pull back on its rare earth controls, Reuters reports. U.S. Trade Representative Jamieson Greer recently said the new rare earth export restrictions were “a global supply-chain power grab,” and said the country could prevent President Donald Trump’s threat to reimpose triple-digit tariffs by shelving the measures. Beijing maintains it notified Washington before the announcement and that the controls are consistent with measures in place in other major economies. The Fly notes that companies involved in the development and mining of rare earth minerals include Nova Minerals (NVA), Ioneer (IONR), Lynas Rare Earths (LYSCF), MP Materials (MP), Energy Fuels (UUUU), NioCorp (NB) and VanEck Vectors Rare Earth/Strategic Metals ETF (REMX).