Overview

• China’s Commerce Ministry issued sweeping notices requiring licenses for exports of rare earth elements and items containing Chinese-origin inputs, with some rules applying even at a 0.1% content threshold reported by multiple outlets.
• The controls extend to technologies and services for mining, smelting, separation, magnet manufacturing, recycling, and the assembly and maintenance of related production lines.
• Beijing expanded the controlled list to 12 of the 17 rare earth elements and said licenses will be denied for foreign military or dual‑use end users and entities on control or watch lists.
• Officials said domestic restrictions take effect immediately, while extraterritorial provisions covering foreign-made products using Chinese materials or processes begin December 1, a move analysts warn could disrupt global supply chains.
• President Donald Trump threatened a massive increase in tariffs on Chinese imports and said there is no reason to meet Xi at APEC, and U.S. stocks fell nearly 2% after his post, according to market reporting.