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.
Chinese rare earth permanent magnet producer JL MAG Rare-Earth (300748.SZ) announced on Wednesday that it has received export licenses from Chinese authorities for rare earth product shipments to regions including the U.S., Europe, and Southeast Asia.
The company applied for the licenses following China's April decision to limit exports of rare earth products, with the applications being approved "in succession," according to a statement on the official investor relations platform of the Shenzhen Stock Exchange.
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A Russian strike on a gas station in Kyiv has killed two people, the city's Mayor Vitali Klitschko said in a statement on Telegram. In Russia, online marketplace Ozon has suspended operations in Saratov, southwestern Russia, following a drone strike on a warehouse in the region.
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