The announcement came just hours after trade officials from the United States and China wrapped up two days of negotiations in London.
A loader shifts soil containing rare earth minerals to be loaded at a port in Lianyungang, in China’s Jiangsu Province, on Sept. 5, 2010. STR/AFP via Getty Images
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A leading trader of rare earth magnets in China has announced that authorities had granted export licenses for its shipments to several regions, including the United States.
JL MAG Rare-Earth disclosed the acquisition of the export licenses on June 10 through the Shenzhen Stock Exchange’s online platform, but did not specify the date when the licenses were issued.
