US EditionChina issues rare earth licenses to suppliers of top 3 US automakers: Reuters
- China granted temporary rare-earth export licenses on Monday to suppliers of General Motors, Ford, and Stellantis amid supply disruptions in the U.S. auto sector.
- The licenses follow China’s April restrictions on rare-earth exports that disrupted supply chains crucial to automakers and defense companies worldwide.
- China introduced a tracking system to improve sector control and crackdown on smuggling while Stellantis works with suppliers to maintain production efficiency.
- Ford shut down its Chicago plant for a week in May due to the rare-earth shortage, highlighting supply chain risks from Beijing’s export curbs.
- The export license clearance could ease pressure on U.S. Auto production but uncertainty remains about the scope or duration of the approval.
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In the trade dispute with the US, China is allowing the important export of rare earths to American automakers for the time being. According to US President Trump, trade talks between the two countries are to continue in London on Monday.
·Dortmund, Germany
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China dominates the worldwide market for rare earth metals. In the trade dispute with the USA, the People's Republic imposed an export stop in April. Especially Western car manufacturers suffer. Now there is finally good news, though few.
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der Standard DE
der Standard DEThe export permit for GM, Ford and Stellantis suppliers is valid for six months
·Vienna, Austria
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Total News Sources23
Leaning Left4Leaning Right6Center3Last UpdatedBias Distribution46% Right
Bias Distribution
- 46% of the sources lean Right
46% Right
L 31%
C 23%
R 46%
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