Three rare earth permanent magnet companies have obtained a general export license.

Reporters have learned from informed sources that Jinli Permanent Magnet, Zhongke Sanhuan, and Ningbo Yunsheng have obtained general export licenses. Some industry insiders believe that the application of general licenses will simplify the export process for rare earth permanent magnet enterprises, accelerate delivery speeds, and benefit the recovery of downstream demand in the rare earth permanent magnet industry.