China announces suspension of expanded rare earth export controls
Reuters · Just In
Reuters
Just In
China suspended an array of export control measures it imposed on October 9, including expanded curbs on some rare earths materials and equipment, as well as lithium battery materials and super-hard materials, the Commerce Ministry said in a statement.
Breakdown
- China suspended expanded export controls on rare earth materials and equipment.
- Increased curbs on lithium battery and super-hard materials were also stopped. 9s
- The suspension formalizes an agreement after a trade truce between the US and China. 25s
- China is designing a new rare-earth licensing regime to potentially streamline shipments. 34s
- China produces over 90% of the world's processed rare earths, which are vital for many industries. 1m 3s