Beijing confirmed on Thursday that it has begun granting general licences with lengthier terms for exports of rare earth elements to foreign companies, though business groups said more guidance was needed on the policy’s implementation.
“With the accumulation of relevant export compliance experience, some exporters have initially met the basic requirements to apply for general licences,” said He Yadong, a spokesman for the Ministry of Commerce (Mofcom), at a press conference.
“To my knowledge,…