Despite the Trump accord, China continues to constrain US rare earth purchasers.
Market participants claim that even after President Donald Trump and his Chinese counterpart reached an agreement in October to relax limitations on the supplies, China is still limiting the rare earth elements that the US needs to manufacture its own permanent magnets and other products.
Although China has increased deliveries of finished goods, mainly permanent magnets, more than a dozen consumers, manufacturers, government officials, and trade experts stated that the US industry is still unable to obtain the inputs required to produce those goods independently, which is a top priority for the administration. Important details of Beijing's plan to open up rare earth sales have still to be agreed upon by the US and China.