China relaxes export restrictions on rare earth permanent magnets, industry insiders: multiple companies have obtained general export licenses.

According to a report by the Securities Times on the 5th, Jinli Permanent Magnet, Zhongke Sanhuan, and Ningbo Yunsheng have obtained a general export license. These three companies are all leading domestic rare earth permanent magnet materials. An industry insider revealed, "Since April this year, the rare earth industry has been preparing for a general export license for rare earths, because export control policies were initiated at that time." It pointed out that for permanent magnet companies, as long as the products meet relevant specifications and standards, and are within the scope of policy control, they can apply for the license normally. Currently, many large permanent magnet companies have successively obtained general export licenses, but specific company names were not disclosed.