China approves exports of some rare earth before our talk

Beijing says it has given approval for several applications for rare earth exports next week, a move that could ease tensions before trade negotiations between the US and China.

China’s Ministry of Commerce has confirmed the approval of the application, noting the growing demand for robotics and electric vehicles minerals. According to a statement on Saturday, the department will continue to review and approve compliant export applications and continue to approve them.

The confirmation comes days after the US and Chinese presidents spoke, and then Donald Trump said, “There should be no more questions that respect the complexity of rare earth products.” The Beijing and Washington delegations are scheduled to meet in the UK on Monday to hold trade negotiations.

China has granted temporary export licenses to rare earth suppliers of the top three US automakers, Reuters reported Friday. The Commerce Department also said it would do so early on Saturday.Speed ​​up approvalFor a qualified rare earth exporter to Europe.

This story was originally introduced Fortune.com