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China appears to soften their stance on recent rare earths export controls.

China now says:

1. The recent change is NOT a full export ban
2. Applications that “meet regulations” will be approved
3. Willing to engage in deeper dialogue
4. Looks for global industrial and supply chain stability
5. Relevant impact of export controls is "very limited"
6. Calls this a "necessary defensive action"

China also adds that they will take measures if the US persists in raising tariffs.
 

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