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Chinese rare earth magnet exports to US drop
European stocks rose, led by the technology and chip sectors, amid announced funding of $5.2 trillion to support the AI boom. Markets also saw reactions from banks and debt markets participating in this race. Meanwhile, the price of 24-karat gold in the UAE reached approximately 527.50 dirhams. Europe is also experiencing a fuel shortage of 510,000 barrels per day due to declining Chinese rare metal exports to the United States.
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