EU trade chief to meet Chinese counterpart to find ‘urgent solutions’ to China’s tightening of its restrictions on rare earth exports.

China’s commerce minister has accepted an “urgent” invitation to Brussels, the EU’s trade chief Maros Sefcovic said on Tuesday, as the bloc looks to unpick Beijing’s restrictions on rare earth mineral exports and defuse a row over Dutch-based chipmaker Nexperia. The EU is seeking China to relax export licensing requirements for rare earth elements and magnets, which are crucial to manufacturing hi-tech goods, from fighter jets to electric vehicles, and which were broadened earlier this month. It…

From China - South China Morning Post via This RSS Feed.