Group 1 - The Chinese government is expediting the review of export license applications for rare earths, emphasizing compliance and communication with relevant countries to facilitate legitimate trade [1][3] - The Ministry of Commerce has approved a certain number of compliant applications and will continue to strengthen the approval process for these applications [1][3] - China maintains that its export control measures for rare earths align with international practices and are aimed at safeguarding national security and fulfilling international obligations [3][4] Group 2 - The Chinese government asserts that its industrial subsidy policies adhere to open, fair, and compliant principles, and it strictly follows WTO rules [2] - The European Union is projected to provide over €1.44 trillion in various subsidies from 2021 to 2030, with more than €300 billion already disbursed by 2024 [2] - China emphasizes the importance of cooperation and communication with the EU to address trade differences and achieve mutual benefits [2][4] Group 3 - Rare earths consist of 17 elements and are classified into light and heavy rare earths, with heavy rare earths being rarer and more unevenly distributed, primarily concentrated in China [5]

商务部新闻发言人何亚东表示，中国一贯高度重视维护全球产供链的稳定与安全，依法依规不断加快 对稀土相关出口许可申请的审查，已经依法批准一定数量的合规申请，并将持续加强合规申请的审批 工作。中方愿就此进一步加强与相关国家的出口管制沟通对话，积极促进便利合规贸易。 在今天（19日）商务部举行的例行发布会上，新闻发言人何亚东谈到稀土相关出口问题时表示， 将 依法依规不断加快对稀土相关出口许可申请的审查。 ...

Core Viewpoint - The article discusses China's approach to rare earth exports, emphasizing compliance with international regulations and the importance of maintaining global supply chain stability [2][3][4]. Group 1: Export Policy and Compliance - The Ministry of Commerce is expediting the review of rare earth export license applications, having already approved a certain number of compliant applications [2][4]. - China is committed to enhancing communication with relevant countries regarding export controls to facilitate compliant trade [2][4][5]. Group 2: International Relations and Trade Dynamics - China's industrial subsidy policy adheres to principles of openness, fairness, and compliance with WTO rules, countering accusations of protectionism from other nations [3]. - The European Union has committed over €1.44 trillion in various subsidies from 2021 to 2030, with over €300 billion already disbursed by 2024, highlighting its own protectionist measures [3]. Group 3: Rare Earth Resources - Rare earth elements are classified into light and heavy categories, with heavy rare earths being rarer and predominantly found in China, which holds over 80% of global heavy rare earth reserves [6].

据环球时报消息，今年4月，当特朗普政府高调宣布对华加征"对等关税"时，中国迅速打出了一张精准而极具威慑力的反制牌。短短两天 后，中方宣布对钐、钆、铽、镝、镥、钪、钇这7类关键的中重稀土相关物项实施出口管制。这不是一场突如其来的风暴。回溯到2024年 12月，中国就已对镓、锗、锑、超硬材料、石墨等两用物项实施了严格出口管控。中方立场清晰而坚定：这是依法行使国家主权，为维护 国家安全与核心利益，履行国际防扩散义务的必要之举，符合国际通行规则。 面对被"卡脖子"的困境，西方国家并非毫无行动。日本将希望投向澳大利亚莱纳斯公司，期待其马来西亚工厂能在2025年年中前扩大镝、 铽等重稀土的生产。然而，残酷的现实给这份期待泼了冷水。日本官员私下承认，即使动用国家储备，也只能额外争取2至3个月的缓冲 期。根本症结在于替代供应链的建立步履维艰。正如分析人士一针见血地指出：中国仍是全球唯一掌握重稀土分离能力的国家。美国本土 唯一的稀土开采商MP Materials，曾将其开采的重稀土运往中国加工，如今在贸易战硝烟中，这条路径也被迫中断。 稀土提炼（资料图） 美国咨询公司Teneo董事总经理加布里埃尔·维尔道看得透彻：中国新建立的 ...

Group 1 - The U.S. automotive industry is facing production halts due to a shortage of rare earth materials, which are critical for manufacturing, including the F-35 fighter jet [1][4] - China controls a significant portion of the rare earth supply chain, with the U.S. relying on Chinese processing for its own rare earth minerals [4][6] - The trade war initiated by the U.S. has inadvertently strengthened China's position in technology and manufacturing, as evidenced by the shift in trade dynamics and advancements in domestic technology [8][10] Group 2 - Each F-35 fighter jet requires 417 kilograms of rare earth materials, highlighting the dependency of U.S. military technology on Chinese resources [4] - China possesses 128 core patents for rare earth separation, allowing it to reduce purification costs significantly compared to Western companies [6] - The U.S. automotive sector incurs substantial losses from production delays, with a single day of halted operations costing $240 million [10]

Group 1 - The core issue in the US-China negotiations revolves around rare earth elements, with ordinary rare earths being discussed, but military-grade rare earths remain contentious [1][3][12] - The US has not committed to supplying advanced chips to China, citing potential military applications, while China has not agreed to provide military-grade rare earths to the US [3][12][14] - China has agreed to expedite the approval process for non-military rare earth exports to US producers, but with limitations on quantity and time [8][9][12] Group 2 - The distinction between light and heavy rare earths is crucial, with China controlling heavy rare earths that are essential for various industries, including semiconductors and electric vehicles [5][12][14] - The US is heavily reliant on China for heavy rare earths, particularly for military applications, which poses a strategic challenge for the US defense sector [9][12][14] - The negotiations have not resolved the underlying tensions, and both countries are still in a state of strategic standoff, with China gaining more leverage in the current situation [19][21]

Group 1 - The core focus of the US-China trade talks in London is the rare earth issue, which has become a critical point of contention amid the complex evolution of US-China relations and global economic adjustments [1][5] - The US delegation includes key figures such as Treasury Secretary Yellen, Commerce Secretary Raimondo, and Trade Representative Tai, indicating the importance and complexity of the negotiations [3] - The US is facing economic challenges, including slowing growth and rising inflation, which necessitate a search for certainty through these negotiations [3] Group 2 - The unexpected early exit of Treasury Secretary Yellen from the talks raised speculation about the progress of the negotiations, with some suggesting that most agendas may have been settled [5] - The US has expressed a desire for China to restore rare earth supply levels to those before April, indicating a reliance on China for rare earth materials [5][7] - China's firm stance on rare earth export controls is based on the dual-use nature of these materials, and it is unlikely to agree to restore supplies fully, especially for military applications [7][8] Group 3 - The negotiations are seen as a test of both parties' sincerity and determination, emphasizing the need for equal, mutually beneficial, and respectful communication to foster stable bilateral trade relations [8]

其次，稀土本质是商品，买卖自愿，贸易就是做生意，稀土行业要发展，企业要盈利，工人要拿工资， 形成良性发展循环，这一切的前提是把开采出来的稀土卖出去，否则堆在那里只能是土。稀土号称"工 业味精"，炒菜煲汤都要用，但没人拿味精当饭吃，稀土应用很广泛，但市场不大，中国掌握着全球中 重稀土冶炼90%以上份额，仅靠国内市场无法消化，海外市场的重要性不言而喻。 最后，也是一招暗棋，中国稀土的优势在于技术领先和产业链完整，前期集中力量加大投入抢到先发优 势，占据了全球大部分市场，有了我们的稀土供应，变相提高了其他国家的资本进入稀土产业的门槛， 投入和回报不成正比，市场小不说，还要面临和中国企业的竞争，没有动力和信心在稀土产业站住脚。 归根结底，稀土出口管制是手段，全流程监管战略矿产流向更重要，美国民企合规使用，中国有关部门 会依法依规审批，军工企业想都别想，这就是主动权。 中美顶峰通话后，两国关系似乎有所缓和，双边第二轮经贸会谈将在伦敦举行，原本对美紧绷的稀土管 制也放出了一个口子，恢复向美国三大汽车制造商供应稀土，以避免其陷入停产窘境。 才封了一个月的口子，为何又突然放开？首先，我们决不允许美国军工企业获得中国的战略矿产 ...

Core Viewpoint - The company, Jinli Permanent Magnet, has successfully navigated the export control measures on medium and heavy rare earth materials by complying with national regulations and obtaining necessary export licenses for regions including the US, Europe, and Southeast Asia [2] Group 1: Export Performance - In Q1 2025, Jinli Permanent Magnet reported export sales revenue of 312 million yuan, accounting for 17.76% of total revenue, with sales to the US reaching 122 million yuan, representing 6.94% of total revenue [2] - The company does not engage in military-related businesses [2] Group 2: Compliance and Regulatory Environment - The Ministry of Commerce spokesperson emphasized China's responsible approach to reviewing export license applications for rare earth materials, ensuring compliance while considering the reasonable needs of other countries in civilian sectors [2] Group 3: Supply Chain and Partnerships - Jinli Permanent Magnet has established long-term strategic partnerships with major rare earth suppliers, including Northern Rare Earth Group and China Rare Earth Group, with purchases from these suppliers accounting for 63% of the company's total annual procurement in 2024 [2] Group 4: Sustainable Practices - The company prioritizes green recycling of rare earth materials, investing in the recycling company Yinhai New Materials, which has passed rigorous audits by SCS Global Services [3] - In 2024, Jinli Permanent Magnet utilized 2,575 tons of recycled rare earth materials, including waste magnet recovery, which constituted 30.4% of the total rare earth materials used [3]

Group 1: Company Overview - Beikong Technology is a high-tech enterprise engaged in efficient mining and metallurgy equipment and advanced magnetic materials, with a controlling shareholder being a large central enterprise under the State-owned Assets Supervision and Administration Commission [2] - The company has three wholly-owned subsidiaries involved in mining equipment and magnetic materials businesses [2] Group 2: Market Activity - The A-share rare earth permanent magnet sector has been active, with Beikong Technology's stock price reaching 27.53 yuan per share, achieving a涨停 (trading limit up) for five consecutive trading days, resulting in a price increase of over 60% [2] - Following the announcement of export controls on rare earth materials by the Ministry of Commerce, Beikong Technology's stock price surged, with a涨停 occurring on June 9 [3] Group 3: Industry Context - Rare earth elements, comprising 17 metals including lanthanides, scandium, and yttrium, are essential strategic resources for modern technology and industry, often referred to as "industrial vitamins" [3] - China dominates global rare earth supply, accounting for 80% of the total supply, and the demand for heavy rare earths is increasing due to the growth of industries such as robotics and electric vehicles [3] Group 4: Risk Disclosure - Beikong Technology announced on June 12 that its stock price had deviated significantly, with a cumulative increase of over 20% in two days, indicating abnormal volatility [4] - The company confirmed that there are no undisclosed significant matters affecting its operations, and the internal and external business environment remains stable [4]