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World News | China Approves Some Rare-earth Export Applications: Commerce Ministry
@Source: latestly.com
Beijing, Jun 7 (PTI) China on Saturday approved a certain number of export license applications for rare earth-related metals -- critical components used in manufacturing of automobiles, semiconductors, mobile phones and a host of other industries. The approval was granted considering rising global demand for medium and heavy rare earth elements driven by industries such as robotics and new energy vehicles, a spokesperson of the Ministry of Commerce here said. Also Read | US Horror: Man Kills and Dismembers 19-Year-Old Girl on First Date Before Scattering Remains in Milwaukee; Faces Life Term. Rare earth-related items have dual-use attributes for both military and civilian purposes, the spokesperson said, noting that imposing export controls on such items is in line with international practice. The spokesperson said the controls aim to better safeguard national security and interests and fulfil international obligations of non-proliferation, which reflects China's commitment to world peace and regional stability. Also Read | US: Donald Trump Administration Shuts Down 'Quiet Skies' Passenger Surveillance Program. China will continue to strengthen the review of compliant applications and is ready to enhance communication and dialogue on export controls with relevant countries to facilitate compliant trade, the spokesperson said. (This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)
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