In the backdrop of the Xi-Trump meeting, there’s a lot riding on China’s de-escalation measure on export restrictions that will terminate in November. In the meantime, building up alternative sourcing is work-in-progress China On October 9, 2025, China’s Ministry of Commerce issued Notice 61, among the most far-reaching and aggressive extraterritorial export control measures ever applied to a raw material – any product manufactured outside China that contained Chinese-origin rare earth elements at or above 0.1% of the product’s value required a Chinese government export license before it could be shipped to another country.Less than a month later, on November…