China issues first batch of ‘general’ rare-earth export licences to magnet makers — country's stranglehold over industry continues, but tensions are easing

China has issued rare-earth export licenses to three magnet manufacturers, marking a shift to a more streamlined process following trade tensions with the US. The new "general licenses" are tied to specific customers and aim to expedite shipments. The move comes after Beijing tightened oversight on rare-earth materials and magnets, impacting global supply chains. While the licenses offer some relief, the broader export-control framework remains intact, with the potential for more companies to receive approvals in the future. China's dominance in rare-earth production continues to influence international markets.