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Tom’s Hardware
Tom’s Hardware
Technology
Luke James

China issues first batch of ‘general’ rare-earth export licences to magnet makers — country's stranglehold over industry continues, but tensions are easing

Lynas Rare Earth.

China has issued the first round of streamlined rare-earth export licences to at least three permanent-magnet manufacturers, allowing them to accelerate shipments to selected overseas clients after months of stricter controls.

Reuters reports that JL Mag Rare Earth, Ningbo Yunsheng, and Beijing Zhong Ke San Huan High-Tech received approvals tied to individual customers on December 2. Beijing began designing the new system following the October 30 meeting between Donald Trump and Xi Jinping, which aimed to ease trade tensions after a year marked by successive layers of export restrictions.

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