China has approved limited export licenses for rare earth metals amid surging global demand from industries like robotics and electric vehicles. The move aims to balance national security with international trade obligations and market needs.
China has approved a limited number of export license applications for rare earth-related metals, which are essential for producing automobiles, semiconductors, mobile phones, and other technologies.
A spokesperson from the Ministry of Commerce stated that the approval comes in response to increasing global demand for medium and heavy rare earth elements, especially from industries like robotics and new energy vehicles.
Highlighting their dual-use nature for both civilian and military applications, the spokesperson emphasized that China’s export controls on these materials align with international standards.
The controls aim to protect national security and interests while upholding global non-proliferation commitments, showcasing China’s dedication to peace and regional stability.
China also plans to enhance the review process for applications that meet compliance standards and remains open to dialogue with other countries to support lawful and regulated trade.
