China extends an olive branch to Western auto giants over rare earth shortage | Metals Mine

  • China extends an olive branch to Western auto giants over rare earth shortage

    From cnbc.com

    China appears to have offered U.S. and European auto giants something of a reprieve after industry groups warned of increasing production threats over a rare earth shortage. China’s Ministry of Commerce on Saturday said it was willing to establish a so-called “green channel” for eligible export license applications to expedite the approval process to European Union firms. A Ministry of Commerce spokesperson said Wang expressed hope that the EU would take “reciprocal steps” and adopt measures to promote compliant trade of high-tech products with China. The breakthrough comes after trade talks between Chinese ... (full story)

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