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China Eases Rare Earths Export Restrictions Amid International Deal | Science-Environment
- Chinese rare earth magnet producer JL MAG Rare-Earth obtained export licenses this week to ship products to the US, Europe, and Southeast Asia.
- This export approval follows China's April decision to add several rare earth minerals and magnets to its export control list amid escalating US-China trade tensions.
- Following diplomatic discussions held in London, officials from China and the United States reached an agreement to restore the trade of sensitive rare earth materials.
- JL MAG shares surged as much as 12% after the announcement, and China reported a 23% increase in rare earth exports to 5,864.60 tons in May from April.
- These developments suggest a potential easing of rare earth export restrictions that have disrupted global supply chains crucial to high-tech industries and defense sectors.
15 Articles
15 Articles
China says approved 'certain number' of rare-earth export licences
The Commerce Ministry in Beijing said Thursday that "China, as a responsible major country, fully takes into account the legitimate needs and concerns of all countries in the civilian sector" related to rare earths.
China’s Rare Earth Exporter Says It Got Export Licenses for US and Other Regions - The Thinking Conservative
A leading trader of rare earth magnets in China announced authorities granted export licenses for its shipments to several regions, including the US. The post China’s Rare Earth Exporter Says It Got Export Licenses for US and Other Regions appeared first on The Thinking Conservative.
China’s Rare Earth Exporter Says It Got Export Licenses for US and Other Regions
A leading trader of rare earth magnets in China has announced that authorities had granted export licenses for its shipments to several regions, including the United States. JL MAG Rare-Earth disclosed the acquisition of the export licenses on June 10 through the Shenzhen Stock Exchange’s online platform, but did not specify the date when the licenses were issued. “We have begun carrying out export declarations in accordance with the law, follow…
China has stopped the export of special metals to the USA. Now it is to deliver again. But a crucial question remains open after the trade deal between China and the USA.
Chinese rare-earth firm obtains licenses for exports to US, other markets
Chinese rare-earth conglomerate JL MAG Rare-Earth Co said on Wednesday that it had obtained export licenses issued by national authorities for exports to destinations including the US, Europe and Southeast Asia.
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