Commissioner Sefcovic says agreements with China will bring more "predictability" to rare earths

European Commissioner for Trade Maros Sefcovic stated on Friday in Beijing that recent agreements between the European Union and China concerning hybrid vehicles, market access, and rare earths represent a crucial initial step toward rebalancing bilateral trade relations.

Specifically, Sefcovic highlighted that the arrangement ensuring China will continue facilitating export licenses for rare earths and permanent magnets to Europe through a dedicated green channel will provide greater predictability in the supply of these critical materials.