Reported 19 days ago
Since September, Chinese companies producing rare earth magnets have experienced increased scrutiny in their export license applications, raising concerns about a potential reduction in shipments despite earlier commitments to boost exports. Lengthy approvals reminiscent of the trade war era have led to delays, causing anxiety among foreign clients seeking orders before new regulations take effect. The recent tightening of controls follows a significant drop in China's rare earth exports.
Source: YAHOO