China extends suspension of new export restrictions on rare earth metals until January.
China on Monday announced a two-month extension to lift export restrictions that were due to expire this month, keeping part of a comprehensive deal reached after a summit between Presidents Xi Jinping and Donald Trump.
In April 2025, China introduced export restrictions on certain rare metals and expanded them in October of that year, significantly increasing their scope and also adding new restrictions on certain industrial diamonds and lithium-ion battery technologies. The measures were frozen for one year last November following a summit in South Korea between Xi and Trump.
The Commerce Department said in a brief statement on Monday that the suspension would be extended by two months until January 10.