Latest Corporate News News
Trump-Xi Summit Targets China's Rare Earth Dominance
US President Trump and China's Xi Jinping meet in Beijing on May 14-15 to address China's 91% control of global rare earth refining, causing US and Europe auto shutdowns from export curbs. Critical minerals like lithium and cobalt are also on agenda amid trade tensions.
Xi Warns on Taiwan as Trump-Xi Summit Kicks Off
The high-profile summit focuses on business links, with Xi issuing a Taiwan warning after Trump's $11B arms package authorization. Few breakthroughs expected on Iran war, trade, tech, and Taiwan.
US CEOs Including Musk, Cook Join Trump in Beijing
Seventeen US CEOs like Tesla's Elon Musk, Apple's Tim Cook, and Boeing's Kelly Ortberg accompany Trump, praising China's market and pledging deeper cooperation. Xi vows wider opening to US business.
China Pushes Expanded Cooperation List with US
China's Commerce Ministry signals willingness to broaden US cooperation amid summit talks. Recent candid exchanges between US Treasury Secretary Bessent and Chinese Vice Premier He Lifeng noted.
Trump Calls Xi Summit Talks 'Great' on Rare Earths
After two-hour morning meeting, Trump described talks positively, focusing on structural issues like China's rare earth monopoly over tariffs. Investors eye progress on trade deals in soybeans, planes, chips.
Auto Industry Hit by China's Rare Earth Export Curbs
China's restrictions led to plant shutdowns in US and Europe; volumes recovered partially but licensing remains unpredictable per industry reports. Summit aims to secure US supply chains.
Xi Welcomes US Firms in Reform and Opening Push
Xi tells US corporate leaders China’s door opens wider, with American companies benefiting from mutual cooperation. Trump encourages business expansion in China.
US Reliance on China for Critical Minerals Highlighted
IEA data shows China at 61% of mined rare earths and 91% refining in 2024, plus dominance in lithium, copper, cobalt, graphite processing. Strategic talks intensify.
Boeing, Tesla Execs Seek Deeper China Market Ties
Traveling CEOs express high value for China's market, hoping to deepen operations during Trump-Xi summit introductions. Business leaders introduced one-by-one to Xi.
Investors Watch Xi-Trump for Trade and Iran Progress
Markets focus on potential deals from summit on US-China trade relations, amid ongoing tensions over technology and regional conflicts like Iran war. Trump departs Friday post-private meeting.