• US seeks handshake on rare earths agreement from China in London
  • US expects export controls will be eased and rare earths will be released in volume
  • Meeting today is to be a short one but it will bear results

Anyone remembers the whole soybean fiasco back in 2019? This is going to be exactly that in a few months. I can see China offering up some gesture of goodwill like they did here. But to expect a major concession with little else brought to the table from the US side is expecting too much in my view. We'll see.

Source: Forex Live