China’s Rare Earth Exporter Says It Got Export Licenses for US and Other Regions

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

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.