Following the U.S.-China trade agreement, which Trump says included Chinese export of rare earths, the leading Chinese conglomerate, JL MAG Rare-Earth Co, told Global Times on June 11 that it had obtained export licenses issued by national authorities for exports to destinations including the U.S., Europe, and Southeast Asia. The Times report does not refer to this as a result of the U.S.-China deal, but it is the first time the company included the U.S. among the countries for whom it was given such licenses.
The company said that after the introduction of export-control measures on medium and heavy rare earth-related items, the company has made export declarations in accordance with relevant national regulations and has obtained export licenses issued by the national authorities, Xinhua Finance reported on June 11.
