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China suspends rare-earth export controls until 2026

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Story summary
  • China suspended six rare-earth export controls until Nov. 10, 2026.
  • The suspension was exchanged for the United States pausing its affiliates rule for a year.
  • The U.S. has pledged over US$7 billion since April 2025 to rebuild rare-earth supply.
  • The Pentagon bought $400 million preferred stock in MP Materials in 2025, gaining a 15% stake.
  • On June 22, 2026 China placed ten U.S. firms, including MP Materials, on its export list.