How China’s rare earth restrictions could disrupt the U.S. defense industry and reignite a trade war

View: Source China will not allow the export of rare earth materials for use by foreign militaries under restrictions announced last week. Rare earth magnets are crucial components in U.S. weapons such as the F-35 warplane, Tomahawk missiles and drones among other defense systems. The U.S. relies on rare earth imports from China. The restrictions provide President Xi Jinping with significant …

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Auto companies sound alarm over China’s rare earth export clampdown

View: Source In this post: China tightened rare earth export restrictions last week, sparking fears of major supply chain disruptions across Europe’s automotive industry. European car manufacturers are particularly vulnerable since China produces 60% of the world’s rare earth materials. Industry leaders warn that backup stockpiles from earlier restrictions are nearly depleted and want urgent government action to resolve the crisis. …

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Overbought RSI Short Sellers Feed the Bull as Gold Clears $4200 With Power

View: Source Key Points: Gold price hits record $4218.41 as Fed rate cut bets and U.S.-China tensions fuel strong safe-haven demand. Traders price in 96% chance of an October rate cut and 93% for December, boosting the bullish gold market outlook. Strong upside momentum continues to squeeze RSI top-pickers as gold bulls ignore overbought warnings. Gold Price Clears $4200 for First …

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