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US customers should get Chinese rare earth permits more easily after trade truce: Reuters

  • The US and China announced a 90-day trade truce on Monday aimed at easing restrictions on rare earth mineral exports to the US.
  • China imposed export licenses in 2023 on rare earth minerals as retaliation against sweeping US tariffs imposed by President Donald Trump.
  • China dominates global rare earth supply, accounting for over 60% of mining and nearly all processing, affecting sectors like chipmaking and clean energy worldwide.
  • Industry sources told Reuters that permit approvals typically take 45 days but may accelerate soon, with Tesla seeking licenses for rare earths to build Optimus robots.
  • The trade truce may facilitate quicker export permits for US companies, though a full removal of restrictions remains unlikely, and strategic mineral stockpiles are developing in allied countries.
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Business Times broke the news in on Monday, May 12, 2025.
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