US and China could sign agreement next week, says US Treasury

Shortly thereafter, China announced that it would pause export controls for a year. The measures were introduced on Oct. 9 when Beijing expanded its rare earth export regime to include new materials and rules, according to a statement from the Ministry of Commerce.

However, the pause appears to keep restrictions introduced in April in place. They control exports of seven rare earths and, notably, the rare earth magnets crucial to automakers, defense companies and chipmakers.

US Trade Representative Jamieson Greer said China would not impose the proposed rare earth controls. He did not mention the controls introduced in April.

It was the April controls that, in just a few weeks, caused shortages across the entire automotive supply chain, forcing automakers to halt production in some factories… – See more at https://economia.uol.com.br/noticias/reuters/2025/10/30/eua-conseguem-alivio-em-medidas-da-china-para-terras-raras-mas-nao-reversao.htm?cmpid=copiaecola

It was the April controls that, within a few weeks, caused shortages across the entire automotive supply chain, forcing automakers to halt production at some factories.

*With information from Reuters