China has agreed to keep rare earth exports flowing to the world as part of a one-year agreement, President Donald Trump said on Thursday shortly after meeting his counterpart Xi Jinping in South Korea.

The agreement, which Trump provided few details about except that it would probably be extended, would “settle” the issue, he said. China has yet to comment on what was agreed by the two leaders in talks, which ran for almost two hours.

“All of the rare earth has been settled,” Trump told reporters on Air Force One. “And that’s for the world, worldwide, you could say this was a worldwide situation, not just a U.S. situation.”

“There is no roadblock at all on rare earth. That will hopefully disappear from our vocabulary for a little while.”

Rare earths, 17 elements which play tiny but vi

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