A day after the ICJ ruling, a court In Sydney struck down a bid by an Indonesian firm to extend the life of a huge coal mine. A global legal avalanche may have begun
China's crackdown on the smuggling and trans-shipment of critical minerals hit exports of antimony and germanium in June even as rare earth magnet shipments jumped sharply thanks to a deal with Washington
Indonesia has had to open its market to US products and firms, and pay a hefty price, while its exporters still face a 19% tariff on any goods sent to the US.
China saw a big trade surplus in June, but analysts predict a second half slump. They say its unlikely the US will cut tariffs to levels that allow producers to turn a profit
The price of copper shot up on Wednesday after Trump's threat of a 50% tariff, while pharma stocks fell on his talk of a 200% levy on drug imports. Deals with India and the EU expected soon.
The jump in wind and solar additions comes after a prolonged slowdown that led India to miss its 2022 renewable energy target
China's global exports of antimony are now just a third of the levels seen this time last year
China has not budged on specialized rare earths, such as samarium, which are needed for military applications and outside the fast-track trade deal agreed in London
Talks going well, Lutnick says; US officials are expected to drop restrictions imposed recently on a range of technology and other products to China in return for better access to rare earth exports
A licensing system set up by China for exports of rare earth magnets gives it leverage similar to America's chip export controls because of its near-monopoly on the sector.
China has introduced a tracking system for rare-earth magnets; producers have to submit details online on trading volumes and client names, as it looks to curb access
China's failure to lift export curbs on critical minerals, as promised in Geneva, has heightened concerns by carmakers and other firms that rely on rare earths