A White House official said late Thursday that the United States has reached an understanding with China on how to speed up rare earth shipments to the U.S., according to the Wall Street Journal.
"The administration and China agreed to an additional understanding for a framework to implement the Geneva agreement," a White House official said.
The understanding was "about how we can implement the acceleration of rare earth shipments to the U.S. again," Bloomberg quoted U.S. Commerce Secretary Howard Lutnick as saying, "They're going to ship us rare earths" and "we're going to lift our precautions."(alg)
Source: FXstreet
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