SHANGHAI/HONG KONG — China’s Ministry of Commerce on Friday said it will process export applications for “controlled items,” echoing U.S. officials’ comments that they have reached a deal with Beijing to resume exports of rare earths.
An unnamed spokesperson said the two sides have maintained close communication since meeting in London earlier this month, where they restored a trade truce reached in Geneva in May. The countries have “further confirmed the details of the framework,” according to a Q&A published on the ministry’s website.
