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China Begins Granting General Licenses For Rare Earths As Trade Tensions Cool
The tit-for-tat trade war between the US and China earlier this year cooled by late October after President Trump and President Xi agreed to a trade truce that, so far, appears to be holding. There are early signs that the truce is beginning to restore rare earth trade between China and the West, as Beijing has started approving some rare earth export license applications this week. Bloomberg reported that the Ministry of Commerce has approved some rare earth export applications, signaling an easing of supply constraints for overseas buyers, including those in the European Union. EU trade chief Maros Sefcovic told ... (full story)
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