US President Donald Trump said Chinese leader Xi Jinping has agreed to restart the flow of crucial rare earth materials, after announcing a new round of US-China trade talks will be held in London on Monday.

China has agreed to fast-track approvals for the shipment of rare earth minerals to the United States and some European Union nations.

President Trump announced that President Xi Jinping has agreed to resume the flow of rare earth minerals and magnets to the United States, potentially easing trade tensions. This follows a recent call between the leaders and temporary export licenses granted to U.