Reported about 8 hours ago
China is initiating a new rare earth licensing regime that may accelerate shipments, though it is not expected to fully meet U.S. expectations for deregulating export restrictions. The Ministry of Commerce has informed some exporters about new streamlined permit applications, but broader controls from earlier in the year remain in place. The new licenses, valid for a year and potentially allowing larger export volumes, are to be clarified by year-end, yet acquiring these permits could be difficult for users in sensitive sectors.
Source: YAHOO