Beijing Suspends Latest Rare Earth Export Curbs, Restores Soybean Licenses

The regime suspended export curbs on some rare earths and lithium-ion batteries for a year, restored soybean import licenses, and lifted a ban on U.S. logs.

Workers transport soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China, on Oct. 31, 2010. Stringer /Reuters

Beijing on Friday suspended its latest export curbs on rare earth materials after reaching a year-long trade truce with the United States last week.

The regime is also restoring soybean import licenses for three U.S. companies, lifting an import ban on U.S. logs, and removing tariffs on certain U.S. optical fiber.