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China’s dominance in rare earths reserves
#TrumpTariffs
According to Bloomberg, the export figures offer an incomplete picture of the impact of China’s curbs as they only apply to global sales of seven of the elements.
Those curbs were imposed on April 4 in retaliation for high tariffs levied on Chinese goods by Donald Trump. China accounts for almost 70% of the world’s production of rare earths.
May data for rare earth products is due to be released on June 18. The breakdown of export destinations should be available June 20, as reported by Bloomberg.
Decline in rare earths product sales
Customs data showed that rare earth and product sales to the US in April dropped 37% from a month earlier to about 1,700 tons. Within that, rare earth magnet sales fell more steeply by 58% to 246 tons. Magnet sales to the whole world were 51% lower at around 2,600 tons.
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According to Bloomberg, the export figures offer an incomplete picture of the impact of China’s curbs as they only apply to global sales of seven of the elements.
Those curbs were imposed on April 4 in retaliation for high tariffs levied on Chinese goods by Donald Trump. China accounts for almost 70% of the world’s production of rare earths.
May data for rare earth products is due to be released on June 18. The breakdown of export destinations should be available June 20, as reported by Bloomberg.
Decline in rare earths product sales
Customs data showed that rare earth and product sales to the US in April dropped 37% from a month earlier to about 1,700 tons. Within that, rare earth magnet sales fell more steeply by 58% to 246 tons. Magnet sales to the whole world were 51% lower at around 2,600 tons.
The market may react as quickly as possible.
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China plans to loosen export restrictions
#TrumpTariffs
As reported by Bloomberg, China appeared to loosen its curbs last month, after an announcement on May 12 that the two countries had agreed to charge lower tariffs and negotiate other barriers to trade. The US subsequently accused Beijing of stalling on sales, although delays may have been due to long lead times in China’s permitting system.
European trade officials and carmakers have also complained about disruption to supplies from China.
On Saturday, the Chinese government said it had granted approvals for some rare earths exports, without specifying which countries or industries were covered, in a move that could help smooth Monday’s talks with the US, according to Bloomberg.
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As reported by Bloomberg, China appeared to loosen its curbs last month, after an announcement on May 12 that the two countries had agreed to charge lower tariffs and negotiate other barriers to trade. The US subsequently accused Beijing of stalling on sales, although delays may have been due to long lead times in China’s permitting system.
European trade officials and carmakers have also complained about disruption to supplies from China.
On Saturday, the Chinese government said it had granted approvals for some rare earths exports, without specifying which countries or industries were covered, in a move that could help smooth Monday’s talks with the US, according to Bloomberg.
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Strategy adds 1,045 Bitcoin for $110M in latest purchase
Strategy has acquired $110.2 million worth of Bitcoin as the price trades near its all-time high level. According to a June 9 US Securities and Exchange filing, Streategy acquired 1,045 Bitcoin (BTC) at an average price of $105,426 per coin. The company now holds 582,000 BTC acquired for approximately $40.79 billion at an average price of around $70,086 per BTC. The announcement follows Strategy co-founder and executive chairman Michael Saylor hinting at the purchase on June 8. This buy marks the ninth consecutive week that Strategy acquired Bitcoin. The latest Strategy purchase news comes as Bitcoin approaches its all-time high again. According to CoinMarketCap, Bitcoin traded at $107,640 at the time of writing, just 3.9% lower than the all-time high of nearly $112,000 reported in May.
Strategy's newest stock offering The latest Bitcoin acquisition follows Strategy's announcement of a $1 billion stock offering, which quadrupled its previous announcement of a $250 million raise. The firm said that it plans to use the proceeds to fund additional Bitcoin acquisitions and corporate expenses. The stock offering issues 11.76 million shares of Strategy's 10.00% Series A Perpetual Stride Preferred Stock for $85 per share. Following the deduction of expenses from underwriting and other dues, the firm expects to raise approximately $979 million. Unlike previous fundraising rounds, this offering provides non-cumulative dividends of 10%, designed to appeal to institutional and professional investors seeking yield-generating opportunities
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Thankyou. #StrategyBTCPurchase
Strategy's newest stock offering The latest Bitcoin acquisition follows Strategy's announcement of a $1 billion stock offering, which quadrupled its previous announcement of a $250 million raise. The firm said that it plans to use the proceeds to fund additional Bitcoin acquisitions and corporate expenses. The stock offering issues 11.76 million shares of Strategy's 10.00% Series A Perpetual Stride Preferred Stock for $85 per share. Following the deduction of expenses from underwriting and other dues, the firm expects to raise approximately $979 million. Unlike previous fundraising rounds, this offering provides non-cumulative dividends of 10%, designed to appeal to institutional and professional investors seeking yield-generating opportunities
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Thankyou. #StrategyBTCPurchase
China’s rare earth exports jump ahead of US trade negotiations
#TrumpTariffs #USChinaTradeTalks
China’s exports of rare earths (a group of 17 minerals at the centre of a trade dispute with Washington) rose 23% in May from a month earlier, according to customs data released on Monday, reported Bloomberg.
This increase comes two months after Beijing suspended exports of a wide range of rare earths and related magnets, underscoring China's dominance in the global critical minerals industry with an aim to counter the US in the ongoing trade war with President Donald Trump.
Rare earth shipments increase
China exported 5,865 tons of rare earths in May. Although total shipments so far this year remain below 2024 levels, last month's jump helped push the year-to-date figure 2.3% higher to 24,827 tons.
The data compiled by Bloomberg does not include rare earth products, which include high-value magnets for electric motors and hard disk drives.
Agenda of the trade talk:
US and Chinese officials are set to meet in London this week as the world’s two biggest economies seek to diffuse tensions over tariffs and export restrictions, reported Bloomberg.
Rare earths are expected to top the agenda in the meeting among a list of grievances, which include China’s export controls on rare earth minerals and magnets, which are used widely in high-tech and defence manufacturing.
Please like and click follow for upcoming latest news before the market reacts.
China’s exports of rare earths (a group of 17 minerals at the centre of a trade dispute with Washington) rose 23% in May from a month earlier, according to customs data released on Monday, reported Bloomberg.
This increase comes two months after Beijing suspended exports of a wide range of rare earths and related magnets, underscoring China's dominance in the global critical minerals industry with an aim to counter the US in the ongoing trade war with President Donald Trump.
Rare earth shipments increase
China exported 5,865 tons of rare earths in May. Although total shipments so far this year remain below 2024 levels, last month's jump helped push the year-to-date figure 2.3% higher to 24,827 tons.
The data compiled by Bloomberg does not include rare earth products, which include high-value magnets for electric motors and hard disk drives.
Agenda of the trade talk:
US and Chinese officials are set to meet in London this week as the world’s two biggest economies seek to diffuse tensions over tariffs and export restrictions, reported Bloomberg.
Rare earths are expected to top the agenda in the meeting among a list of grievances, which include China’s export controls on rare earth minerals and magnets, which are used widely in high-tech and defence manufacturing.
Please like and click follow for upcoming latest news before the market reacts.
Trump tariffs updates: US, China set for next round of talks after Trump-Xi call lol
President Trump and Chinese leader Xi spoke on Thursday, with tariff and trade talks set to resume next week.
Trump said Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer would meet with Chinese counterparts in London on Monday.
"The meeting should go very well," he said.
The US-China talks come as Trump pushes countries to speed up negotiations. The US sent a letter to partners as a "friendly reminder" that Trump's self-imposed 90-day pause on sweeping "reciprocal" tariffs is set to expire in early July.
White House advisers have for weeks promised trade deals in the "not-too-distant future," with the only announced agreement so far coming with the United Kingdom. US and Indian officials held trade talks this week and agreed to extend those discussions on Monday and Tuesday ahead of the July 9 deadline.
Also effective Wednesday, June 4, Trump doubled tariffs on steel and aluminum from 25% to 50%
Meanwhile, Trump's most sweeping tariffs face legal uncertainty after a federal appeals court allowed the tariffs to temporarily stay in effect, a day after the US Court of International Trade blocked their implementation, deeming the method used to enact them "unlawful."
#TrumpTariffs $BTC
Trump said Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer would meet with Chinese counterparts in London on Monday.
"The meeting should go very well," he said.
The US-China talks come as Trump pushes countries to speed up negotiations. The US sent a letter to partners as a "friendly reminder" that Trump's self-imposed 90-day pause on sweeping "reciprocal" tariffs is set to expire in early July.
White House advisers have for weeks promised trade deals in the "not-too-distant future," with the only announced agreement so far coming with the United Kingdom. US and Indian officials held trade talks this week and agreed to extend those discussions on Monday and Tuesday ahead of the July 9 deadline.
Also effective Wednesday, June 4, Trump doubled tariffs on steel and aluminum from 25% to 50%
Meanwhile, Trump's most sweeping tariffs face legal uncertainty after a federal appeals court allowed the tariffs to temporarily stay in effect, a day after the US Court of International Trade blocked their implementation, deeming the method used to enact them "unlawful."
#TrumpTariffs $BTC
Elon Musk’s X Partners With Polymarket, Bringing Crypto Prediction Markets Mainstream
Social media platform X, led by the world's richest man, Elon Musk, is partnering with Polymarket, a crypto-backed prediction market.
X announced on its platform that “we’re joining forces with Polymarket as our official prediction market partner,” but Musk has not commented on the partnership yet.
Polymarket followed up on the announcement and said, “The next information age won’t be driven by the 20th century’s media monoliths – it’ll be driven by markets. Our partnership with X marks a new chapter for truth on the internet.”
The move marks X’s first crypto-related integration since the platform removed NFT profile pictures in 2023, shortly after Musk took over.
#BigTechStablecoin
Social media platform X, led by the world's richest man, Elon Musk, is partnering with Polymarket, a crypto-backed prediction market.
X announced on its platform that “we’re joining forces with Polymarket as our official prediction market partner,” but Musk has not commented on the partnership yet.
Polymarket followed up on the announcement and said, “The next information age won’t be driven by the 20th century’s media monoliths – it’ll be driven by markets. Our partnership with X marks a new chapter for truth on the internet.”
The move marks X’s first crypto-related integration since the platform removed NFT profile pictures in 2023, shortly after Musk took over.
#BigTechStablecoin
#SouthKoreaCryptoPolicy
South Korea is tightening the reins on crypto — and it's a big deal for the entire market. 🚨
🔹 New Regulations Incoming:
Starting July, all exchanges must report suspicious transactions within 3 days.
🔹 Stronger Oversight:
The Financial Services Commission is pushing stricter KYC/AML rules, especially for foreign projects operating in Korea.
🔹 Investor Impact:
This could limit access to high-risk altcoins — but also build a safer, more legit market for long-term holders.
🧠 What it Means:
South Korea’s moves could set a precedent for global crypto laws. Stay alert. Stay informed.
South Korea is tightening the reins on crypto — and it's a big deal for the entire market. 🚨
🔹 New Regulations Incoming:
Starting July, all exchanges must report suspicious transactions within 3 days.
🔹 Stronger Oversight:
The Financial Services Commission is pushing stricter KYC/AML rules, especially for foreign projects operating in Korea.
🔹 Investor Impact:
This could limit access to high-risk altcoins — but also build a safer, more legit market for long-term holders.
🧠 What it Means:
South Korea’s moves could set a precedent for global crypto laws. Stay alert. Stay informed.
In a move that underscores the strategic value of Hong Kong’s regulatory autonomy, Beijing has established its first formal process for liquidating confiscated cryptocurrencies—tapping into Hong Kong’s licensed exchanges to offload digital assets seized in criminal cases.$BTC
#BinanceAlphaAlert
#BinanceAlphaAlert
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