China grants rare earth licenses to automaker suppliers, Reuters reports

China has granted temporary export licenses to rare-earth suppliers of the top three U.S. automakers as supply chain disruptions begin to surface from the country’s export curbs on those materials, Reuters’ Laurie Chen and David Shepardson reports. At least some of the licenses are valid for six months, the two sources say. It is unclear what quantity or items are covered by the approval Suppliers of General Motors (GM), Ford (F), and Stellantis (STLA) received clearance for some rare earth export licenses on Monday, one source says. The Fly notes that companies involved in the development and mining of rare earth minerals include: Nova Minerals (NVA), Ioneer (IONR), Lynas Rare Earths (LYSCF), MP Materials (MP), Energy Fuels (UUUU), NioCorp (NB) and VanEck Vectors Rare Earth/Strategic Metals ETF (REMX).