Beijing says it has given approval for some requests to export rare land, a step that can reduce tensions before trade negotiations between the United States and China next week.
The Chinese Ministry of Trade confirmed the approval of requests without specifying the countries or industries that have been covered, until it indicated that the demand for minerals increased in robots and electric cars. The Ministry will continue to review and agree to export applications, according to a statement on Saturday.
This confirmation comes days after American and Chinese presidents spoke, after which Donald Trump said that “there should be no questions that respect the complexity of rare ground products.” Delegations from Beijing and Washington are scheduled to meet in the United Kingdom for trade negotiations on Monday.
China has granted temporary export licenses to rare land suppliers of the three best American car companies, according to Reuters on Friday. The Ministry of Commerce also said earlier on Saturday that it wouldSpeeding approvalsFor rare land exporters who are qualified to Europe.
This story was originally shown on Fortune.com
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