The automobile industry is requesting government assistance to speed up Chinese government approvals for importing rare earth magnets, essential for passenger cars and other applications. Domestic suppliers have applied through Chinese vendors, but approvals are pending. China, controlling over 90% of global processing, now requires export licenses for seven rare earth elements, impacting multiple sectors.from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/RY0avFC
