China has said it is issuing general licences for exports of rare earths, in a move that could ease trade tensions with the US, Europe and other trading partners and alleviate acute shortages that have gripped global supply chains.
As part of a trade war truce agreed between the US and China last month, Beijing agreed to begin issuing general licences for exports of rare earths and related magnets, which are essential for industries from automotive to electronics.
Western companies hope general licences will let them more freely import rare earths within a given time period.
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