China to suspend some controls on rare earths in new deal with U.S.

President Donald Trump reached a trade and economic deal with President Xi Jinping of China. Chinese actions: China will suspend the global implementation of the expansive new export controls on rare earths and related measures that it announced on October 9, 2025. China will issue general licenses valid for exports of rare earths, gallium, germanium, antimony, and graphite for the benefit of U.S. end users and their suppliers around the world. China will take significant measures to end the flow of fentanyl to the United States. China will suspend all of the retaliatory tariffs that it has announced since March 4, 2025. China will suspend or remove all of the retaliatory non-tariff countermeasures taken against the United States since March 4, 2025. American actions: The United States will lower the tariffs on Chinese imports imposed to curb fentanyl flows by removing 10 percentage points of the cumulative rate, effective November 10, 2025, and will maintain its suspension of heightened reciprocal tariffs on Chinese imports until November 10, 2026. The United States will further extend the expiration of certain Section 301 tariff exclusions, currently due to expire on November 29, 2025, until November 10, 2026. 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).