China starts designing rare earth export rules short of U.S. hopes, Reuters say

China’s Ministry of Commerce has begun designing a new rare earth license system that would speed up shipments, but this will unlikely amount to the complete rollback of restrictions Washington had hoped for, Reuters reports. China recently announced it would pause the restrictions imposed in October for one year following an agreement reached between Presidents Donald Trump and Xi Jinping, but made no mention of the broader controls introduced in April. China is working on the new license system, but this does not mean the earlier export controls will be removed. 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).