Overview

• After a June 26 understanding, China’s approval rate for rare earth magnet exports jumped from about 25% to roughly 60%, easing Europe’s immediate shortages.
• Volkswagen and Stellantis said they have secured enough licences to keep European production lines running and avoid shutdowns.
• US magnet maker Dexter Magnetic Technologies has obtained just five of 180 licence applications since April, reflecting continued delays for American buyers.
• Indian automakers remain unable to secure any export licences, with a 40–50 member delegation still awaiting formal approval to meet Chinese officials.
• Automakers and tech firms are accelerating overseas mining partnerships and domestic magnet-making investments to reduce reliance on Chinese exports.