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China, US advance Geneva consensus framework with focus on rare earths

( June 27, 2025, 08:07 GMT | Official Statement) -- MLex Summary: China's Ministry of Commerce has confirmed the details of additional understandings on implementing the Geneva Consensus with the US. Under the framework, China will approve eligible export applications for controlled items, including rare earths, while the US will lift related restrictive measures. This progress follows discussions in London from June 9 to 10, and is guided by the consensus during the call between US President Donald Trump and Chinese President Xi Jinping on June 5. In its statement, the ministry urged both sides to deepen collaboration, reduce misunderstandings and promote a stable and sustainable economic relationship.The statement follows:...

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