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.
However, Beijing has not mentioned the export restrictions it imposed on April 4 on heavy rare-earths, including samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium.
In a brief notice, China’s Ministry of Commerce and its customs agency said they are suspending all export restrictions announced on Oct. 9, affecting man-made diamond; rare earth metals including holmium, erbium, thulium, europium, ytterbium; certain lithium-ion batteries, and rare earth technologies including mining, smelting and separation, magnet material manufacturing, and recycling of secondary resources….
Beijing Suspends Latest Rare Earth Export Curbs, Restores Soybean Licenses
