China slow to export rare earth magnets to U.S., WSJ says

Two weeks after China told the U.S. it would ease the exports of rare-earth magnets, Chinese authorities are now dragging out the approval of Western companies’ requests for critical components, Jon Emont of The Wall Street Journal reports. Western companies say they are receiving barely enough magnets for their factories, with many concerned shortages could begin to affect manufacturing. Manufacturers take the continued challenges as a sign the new Chinese rare-earth export restrictions are here to stay. 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).