US-based miner MP Materials and Saudi Arabia’s Maaden have taken the first step in developing an alternative supply chain for the production of rare-earth magnets — 90 percent of which come from China,

China trade deal was announced, significantly de-escalating the tariff war that has roiled the global economy.

The Chinese government has escalated its enforcement measures against the smuggling of rare earth metals, intensifying export controls on strategic materials. This crackdown is putting increased pressure on global supply chains for critical resources.