Exclusive-China issues rare earth licenses to suppliers of top 3 US automakers, sources say

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0;switch(e){case"expanded_panel":o='{promoMarkup}{notifMarkup}',r=n._store.getNotifications(),a=n._generatePanelMarkup(o,r),i.innerHTML=a;break;case"error_panel":a=(o='{errorMsg}').replace("{errorMsg}",n._config.panel.errorMsg),i.innerHTML=a}t&&t()}else t&&t(new Error("No panel parent"))}},{key:"createPanelParentNode",value:function(e){e&&(e.innerHTML='',this._panelNode=document.getElementById(D))}},{key:"updateBadgeNode",value:function(e){if(e){var t=this._store.getNotifications().newCount,n=this._config.badge.maxCount;if(t){var o=t>n?n+"+":t;e.innerHTML=o}else e.innerHTML=""}}},{key:"addStyles",value:function(e){if(e&&"undefined"!=typeof window){var t=document.getElementById(this._config.panel.styleTagId);t||((t=document.createElement("style")).type="text/css",t.id=this._config.panel.styleTagId,t.innerText=e,document.head.appendChild(t))}}}]),e}(),U=function(){function e(t,n,o){L(this,e);var i=this;i._store=n,i._view=o,i._config=t;var 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on those materials.At least some of the licenses are valid for six months, the two sources said, declining to be named because the information is not public. It was not immediately clear what quantity or items are covered by the approval or whether the move signals China is preparing to ease the rare-earths licensing process, which industry groups say is cumbersome and has created a supply bottleneck.China's decision in April to restrict exports of a wide range of rare earths and related magnets has tripped up the supply chains central to automakers, aerospace manufacturers, semiconductor companies and military contractors around the world.China's dominance of the critical mineral industry, key to the green energy transition, is increasingly viewed as a key point of leverage for Beijing in its trade war with U.S. President Donald Trump. China produces around 90% of the world's rare earths, and auto industry representatives have warned of increasing threats to production due to their dependency on it for those parts.Suppliers of three big U.S. automakers, General Motors (GM), Ford (FORD) and Jeep-maker Stellantis (STLA )got clearance for some rare earth export licenses on Monday, one of the two sources said.GM and Ford each declined to comment. Stellantis said it is working with suppliers "to ensure an efficient licensing process" and that so far the company has been able to "address immediate production concerns without major disruptions."China's Ministry of Commerce did not immediately respond to a faxed request for comment.China's critical-mineral export controls have become a focus on Trump's criticism of Beijing, which he says has violated the truce reached last month to roll back tariffs and trade restrictions.On Thursday, Trump and Chinese President Xi Jinping had a lengthy phone call to iron out trade differences. Trump said in social-media post that "there should no longer be any questions respecting the complexity of Rare Earth products." Both sides said teams will meet again soon.U.S. auto companies are already feeling the impact of the restrictions. Ford shut down production of its Explorer SUV at its Chicago plant for a week in May because of a rare-earth shortage, the company said.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5005,998.87 +59.57 (+1.00%)Dow 3042,701.90 +382.16 (+0.90%)Nasdaq19,539.58 +241.13 (+1.25%)Russell 20002,128.37 +31.02 (+1.48%)VIX16.89 -1.59 (-8.60%)Gold3,353.40 -21.70 (-0.64%)PortfolioSign in to access your portfolioSign inTop gainersRXRX Recursion Pharmaceuticals, Inc. 5.46 +0.89 (+19.50%)APLD Applied Digital Corporation 14.74 +1.97 (+15.43%)RGC Regencell Bioscience Holdings Limited 740.00 +100.00 (+15.63%)MANU Manchester United plc 15.74 +1.90 (+13.73%)QXO QXO, Inc. 18.88 +2.12 (+12.65%)Top losersLULU lululemon athletica inc. 264.74 -66.04 (-19.96%)DOCU DocuSign, Inc. 75.87 -17.03 (-18.33%)ABM ABM Industries Incorporated 44.10 -7.13 (-13.91%)BRZE Braze, Inc. 31.15 -4.95 (-13.71%)ORLA Orla Mining Ltd. 11.28 -1.09 (-8.82%)Most activeAPLD Applied Digital Corporation 14.74 +1.97 (+15.43%)TSLA Tesla, Inc. 301.26 +16.56 (+5.82%)NVDA NVIDIA Corporation 142.70 +2.71 (+1.93%)LCID Lucid Group, Inc. 2.1428 +0.0128 (+0.60%)F Ford Motor Company 10.30 +0.20 (+2.03%)Earnings eventsTrending tickersLULU lululemon athletica inc. 264.69 -66.09 (-19.98%)TSLA Tesla, Inc. 301.20 +16.50 (+5.80%)DOCU DocuSign, Inc. 75.76 -17.15 (-18.46%)MELI MercadoLibre, Inc. 2,483.39 -98.35 (-3.81%)FCEL FuelCell Energy, Inc. 7.07 +1.87 (+35.96%)Top economic events