The EU is pressing China to loosen restrictions on exports of rare earths because of an “alarming situation” for the bloc’s car industry, with production lines in danger of grinding to a halt.
European trade commissioner Maro? ?ef?ovi? said he had questioned Chinese commerce minister Wang Wentao about the shortage of vital rare earth elements and magnets in a meeting on Tuesday.
China’s new licensing system for the materials is slowing deliveries to manufacturers of products ranging from cars to washing machines.
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