China has started granting export licences for rare earth elements and magnets to companies in the European Union, according to a report by the South China Morning Post, citing EU officials.
JL MAG Rare-Earth, a Chinese rare earth permanent magnet producer, has secured export licenses from Chinese authorities for shipments to the U.S., Europe, and Southeast Asia, following China's decision to curb rare earth exports in April.
The United States and China have reached a trade framework that both sides say could help restore trust and resolve key disputes, including removing China's export restrictions on rare earth and magnets.
Russia and the US have initiated talks on joint rare earth metals projects, with some companies already showing interest, according to Kremlin envoy Kirill Dmitriev. This cooperation comes amid U.S. President Trump's efforts to end the Ukraine war and follows Putin's proposal for joint exploration.
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