In April 2025, China introduced new export licensing requirements for certain medium and heavy rare earth elements pursuant to the Announcement of the Ministry of Commerce and the General Administration of Customs [2025] No. 18 (“Announcement No. 18”). The measures have significantly impacted companies across a broad range of sectors, including the automotive and life sciences industries. Given that China accounts for approximately 90% of global rare earth refining capacity and that alternative sources remain limited and are frequently inferior in terms of cost and quality, affected businesses face a complex and fast-evolving compliance and strategic landscape.
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May