On May 17, 2026, the White House published a fact sheet announcing that following the May 14–15 Trump–Xi summit in Beijing, China agreed to address U.S. concerns over supply-chain shortages of rare earths and other critical minerals, including yttrium, scandium, neodymium and indium.
The agreement also created a new U.S.-China Board of Trade and a Board of Investment, alongside Chinese commitments on U.S. agricultural purchases ($17 billion/year through 2028) and an initial 200-aircraft Boeing order. Chinese official readouts did not directly confirm the rare-earth specifics or the Boeing order, suggesting binding language remains contested.
Why it matters for Green Renewable Energy: Even partial Chinese easing on rare-earth exports lowers near-term cost risk for renewable wind-turbine, EV and grid manufacturers; however, the operative verb is “address” rather than “eliminate” controls.