EU trade commissioner says to meet with China's commerce minister next week

European trade commissioner, Maros Sefcovic, is due to meet with China’s commerce minister, Wang Wentao, next week with both sides set to discuss the recent development that saw China step up export controls on rare earth minerals. This just confirms the plans that were mentioned yesterday here.Don’t hold your breath in expecting any major breakthroughs though. This is China’s ace card in trying to pressure the US and they will definitely use this as a bargaining chip to not allow Trump to dictate the conversation in a possible meeting with Xi Jinping later this month.
This article was written by Justin Low at investinglive.com.

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💡 DMK Insight

The upcoming meeting between the European trade commissioner and China's commerce minister underscores the growing tension surrounding rare earth mineral exports, a critical component for various industries, including tech and renewable energy. This highlights the delicate balance of global supply chains and the potential for increased geopolitical friction. Investors may note that such export controls could lead to supply shortages, driving up prices and prompting Europe to seek alternative sources, which could reshape sentiment in both the commodities and tech sectors.