China's Green Light: Export Approvals Primer on Rare Earths
China's recent approval for exporting certain rare earth-related metals addresses global demand driven by industries like robotics and electric vehicles. The controls align with international practices for dual-use items while safeguarding national security. This move follows international pressure to ease restrictions and alleviate shortages, impacting sectors like automotive and semiconductors.
- Country:
- China
China has approved export licenses for some rare earth-related metals, pivotal in the manufacturing of vehicles, semiconductors, and mobile phones, among other technological industries.
A spokesperson from the Ministry of Commerce highlighted that the approval coincides with growing global demand for medium and heavy rare earth elements, fueled by industries such as robotics and new energy vehicles.
The announcement comes amid calls from the US, EU, and India for China to relax these restrictions, as shortages impact significant players like Japan, prompting changes in production.
(With inputs from agencies.)
Advertisement
Google News