China’s expanded export curbs on rare earths have prompted Goldman Sachs to highlight significant risks to global supply chains. As nations try to secure critical minerals for industries such as semiconductors, China’s mining and refining dominance remains a pivotal challenge.

President Donald Trump signaled that he might cancel a proposed meeting with Chinese leader Xi Jinping during his upcoming trip to South Korea. Citing China’s restriction on essential rare earth exports, he also threatened to impose more tariffs, potentially escalating the conflict between the two nations.