China, AI and NVIDIA
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MP Materials, the operator of the only rare earths mine in the United States, has signed a $500 million deal with Apple.
Apple has struck a US$500 million deal to buy rare earth minerals from MP Materials, the US producer that just last week secured backing from the Pentagon. The two companies will build a factory in Texas,
China's rare earths exports surged 32% in June, indicating progress in agreements to ease export restrictions.
China–US trade fell 9.3% year-over-year in the first half of 2025, totaling CNY2.08 trillion (approx. US$290 billion), according to data released by the General Administration of Customs on July 14. Chinese exports to the US dropped 9.
Following talks with the US thought to include reductions in critical mineral export restrictions, China reports 60 per cent jump in June shipments.
Nvidia expects to be able to sell H20 chips in China once again after previously forecasting it would lose out on $8 billion in revenue this quarter related to sales restrictions.
US President Donald Trump announced that the US had signed a trade agreement with China on June 25, which was also confirmed by China's Ministry of Commerce. From the talks in Geneva on May 11 to negotiations in London on June 10,