China agrees to crisis talks in Brussels to discuss rare earths compromise

Source: China – South China Morning PostChina’s commerce minister has accepted an “urgent” invitation to Brussels, the EU’s trade chief Maros Sefcovic said on Tuesday, as the bloc looks to unpick Beijing’s restrictions on rare earth mineral exports and defuse a row over Dutch-based chipmaker Nexperia.
The EU is seeking China to relax export licensing requirements for rare earth elements and magnets, which are crucial to manufacturing hi-tech goods, from fighter jets to electric vehicles, and which were broadened earlier this month.
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