In a strategic move, China has expanded its restrictions on rare earth exports, particularly targeting sectors crucial to defense and technology, such as semiconductors and batteries. These new export controls, described as necessary for national security, have raised significant concerns globally, especially among U.S. industries that rely heavily on these materials. As U.S. President Trump is set to meet with Chinese President Xi, the stakes are higher than ever, with potential implications for trade talks and economic stability. Analysts note that this escalation could impact global supply chains, creating uncertainties for companies engaged in critical production processes. Shares of rare earth mining companies have surged as markets respond to the tightening grip on these essential resources, highlighting a growing unease about the future dynamics of international trade amidst escalating tensions.