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The Guardian - US
The Guardian - US
Business
Amy Hawkins in Beijing and Dominic Rushe in New York

US reaches deal with China to speed up rare-earth shipments, White House says

United States China White House Earth Donald Trump Scott Bessent
Miners are seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia in 2011.
A rare-earth mine in Mongolia in 2011. The White House says the US and China have reached an agreement on speeding up rare-earth shipments. Photograph: China Stringer Network/Reuters

The US has reached an agreement with China to speed up rare-earth shipments into America, officials confirmed on Friday. The news sent US stock markets to fresh highs amid news of wider efforts to end the trade wars between the US and the world’s biggest economies.

Donald Trump said on Thursday that the US had signed a deal with China the previous day, without providing additional details, and that there might be a separate deal coming up that would “open up” India.

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