Overview
- China’s Commerce Ministry confirmed it has approved several export license applications for medium and heavy rare earth elements critical to automakers, aerospace and semiconductor makers.
- Beijing will establish a dedicated green channel to fast-track examination and approval of qualified EU export applications to speed deliveries.
- Chinese authorities granted temporary export licenses to rare earth suppliers serving the top three U.S. automakers and signaled willingness to deepen dialogue with Washington.
- Consultations on price commitments for Chinese-made electric vehicles exported to the EU have entered a final stage, and Brussels has proposed new technical pathways now under evaluation.
- China will deliver a verdict on its trade investigation into EU brandy imports by July 5 as broader negotiations with the EU and U.S. continue on strategic minerals and high-tech goods.