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Investing.com -- China has issued temporary export licenses to rare-earth suppliers for the top three U.S. automakers, according to a report from Reuters, citing two sources familiar with the situation. The move comes as supply chain disruptions begin to emerge due to Beijing’s restrictions on the export of these materials.
The licenses, valid for a period of six months, have been granted to suppliers of General Motors (NYSE:GM), Ford, and Jeep-maker Stellantis (NYSE:STLA). However, the specifics about the quantity or items included in the approval remain unclear, as the sources chose to remain anonymous due to the information not being public.
China’s decision to limit exports of a wide array of rare earths and related magnets since April has complicated supply chains crucial to automakers, aerospace manufacturers, semiconductor companies, and military contractors globally. China’s control over the critical mineral industry, which is essential for the green energy transition, is seen as a significant leverage point for Beijing in its trade conflict with U.S. President Donald Trump.
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