Ford suppliers receive China's new streamlined rare-earth licences

Core Viewpoint - Chinese rare-earth magnet suppliers to U.S. automaker Ford Motor have been included in the first batch of new export licenses issued by Beijing to enhance shipments and alleviate shortages of these essential components [1] Group 1 - The issuance of new export licenses aims to boost shipments of rare-earth magnets [1] - The decision is part of efforts to reduce shortages of vital components for the automotive industry [1]