China issues 1st batch of rare earth export licences

MOVE KEY OUTCOME OF SUMMIT BETWEEN TRUMP AND XI

- REUTERS

CHINA HAS ISSUED the first batch of new rare earth export licenses that should accelerate shipments to certain customers, a source said on Tuesday, fulfilling a key outcome of the summit between Presidents Donald Trump and Xi Jinping.

China began designing a new streamlined rare earth licensing regime centered on so-called “general licenses” following the late October meeting between Trump and Xi that eased trade tensions between the two countries, Reuters exclusively reported in early November.