en.Wedoany.com Reported - The head of the Department of American and Oceanian Affairs of the Ministry of Commerce of China in Beijing provided an interpretation of the preliminary outcomes of the China-U.S. economic and trade consultations. The official responded to a statement on the White House website mentioning that "China will address U.S. concerns regarding supply chain shortages of rare earths and other critical minerals (including yttrium, scandium, neodymium, and indium). China will also address U.S. concerns regarding the prohibition or restriction of sales of rare earth production and processing equipment and technology." The China-U.S. economic and trade teams have conducted full communication and exchanges on export control issues.

The official stated: "The China-U.S. economic and trade teams have conducted full communication and exchanges on relevant export control issues, and both sides will jointly study and address each other's legitimate and reasonable concerns. The Chinese government implements export controls on critical minerals such as rare earths in accordance with laws and regulations, and reviews export license applications for compliant, civilian-use rare earths." Critical minerals listed on the White House website, such as yttrium, scandium, neodymium, and indium, also fall within the scope of China's lawful management. The review of China Rare Earth export license applications has always followed existing regulatory requirements.

The official also noted that China is willing to work together with the U.S. to create favorable conditions for promoting mutually beneficial cooperation between enterprises of the two countries and ensuring the security and stability of global industrial and supply chains. China and the U.S. will continue to conduct research on each other's legitimate and reasonable concerns. The management model for China's rare earth export licensing is based on the fundamental premise of compliance and civilian use, and any application that meets the conditions will be reviewed.

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