China to further streamline rare earth export applications

China will further streamline the approval process for compliant rare earth export applications, said the Ministry of Commerce on Thursday.

At a weekly news conference in Beijing, He Yadong, a spokesman of the ministry said China stands ready to enhance communication and dialogue with relevant countries on export control matters, with the aim of promoting legitimate, rules-based trade and facilitating the compliant flow of critical materials.

China has always attached great importance to maintaining the stability and security of global industrial and supply chains, said He.

In line with relevant laws and regulations, the government has accelerated the review of export license applications for rare earths and has already approved a number of requests, he added.