Diversification

As November 2026 approaches, the future of the export control measures imposed by China on rare earth elements and related materials, currently under suspension, remains surrounded by uncertainty. On September 28, 2026, China’s Ministry of Commerce announced the extension of the broader economic and trade agreement between China and the United States “Kuala Lumpur Agreement” until January 10, 2027. However, this announcement didn’t explicitly amend the expiration date specified in the “Announcement No. 70 of 2025,” which mandates the suspension of six prior decisions until November 10, 2026. So, unless a subsequent official decision is issued to extend this suspension, the potential resumption of these measures remains a regulatory risk.