US Undecided on Rare Earth Magnet Export Licenses Amid AI Chip Restrictions, China Offers Expedited Approval for Non-Military Use

Published: Jun 15, 2025 18:02
According to US media reports, the US military has not yet made a decision on export licenses for special rare earth magnets, which are used in equipment such as fighter jets and missile systems. The US still restricts China's purchase of advanced artificial intelligence (AI) chips, citing their potential military value.
Sources familiar with the matter revealed that during the talks in London, the Chinese side pledged to expedite the approval of rare earth export applications from non-military US state-owned enterprises. So far, it has received tens of thousands of applications, with the relevant export licenses valid for six months. China also proposed establishing a green channel for "trusted" US enterprises to streamline the approval process. For some special military rare earths, including samarium, strict control measures are in place, and these rare earths are not included in the expedited approval scope covered by the London agreement.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Pr-Nd Oxide and Alloy Prices Surge Amid Multiple Factors
Apr 3, 2026 11:44
Pr-Nd Oxide and Alloy Prices Surge Amid Multiple Factors
Read More
Pr-Nd Oxide and Alloy Prices Surge Amid Multiple Factors
Pr-Nd Oxide and Alloy Prices Surge Amid Multiple Factors
[SMM Rare Earth Flash] Affected by multiple factors, Pr-Nd oxide prices and Pr-Nd alloy prices surged sharply today. Pr-Nd oxide closed at 750,000-755,000 yuan, up 27,500 yuan/mt from the previous day, while Pr-Nd alloy closed at 900,000-920,000 yuan/mt, up 22,500 yuan/mt from the previous day. As of now, SMM had not learned of any transactions concluded at these prices and would continue to follow up on frontline market conditions.
Apr 3, 2026 11:44
Rare Earth Prices Surge: Neodymium Praseodymium Oxide and Gadolinium Iron See Increased Transactions
Apr 2, 2026 18:08
Rare Earth Prices Surge: Neodymium Praseodymium Oxide and Gadolinium Iron See Increased Transactions
Read More
Rare Earth Prices Surge: Neodymium Praseodymium Oxide and Gadolinium Iron See Increased Transactions
Rare Earth Prices Surge: Neodymium Praseodymium Oxide and Gadolinium Iron See Increased Transactions
[SMM Rare Earth Price Flash] As of now, driven by the rise in futures prices, neodymium praseodymium oxide has seen small-volume transactions by some traders at 730,000-740,000 yuan/mt. Driven by rising raw material prices, coupled with tender procurement of Pr-Nd alloy by major magnetic material plants, metal quotations were also raised to 900,000 yuan/mt, with actual transactions following up. The latest market quotation for gadolinium oxide was 230,000 yuan/mt, and quotations for gadolinium iron were also raised to 215,000-220,000 yuan/mt, driven by downstream tender procurement.
Apr 2, 2026 18:08
Rare Earth Prices Hold Up Well, and Market Inquiry Activity Increases [SMM Rare Earth Weekly Review]
Apr 2, 2026 16:11
Rare Earth Prices Hold Up Well, and Market Inquiry Activity Increases [SMM Rare Earth Weekly Review]
Read More
Rare Earth Prices Hold Up Well, and Market Inquiry Activity Increases [SMM Rare Earth Weekly Review]
Rare Earth Prices Hold Up Well, and Market Inquiry Activity Increases [SMM Rare Earth Weekly Review]
[SMM Rare Earth Weekly Review: Rare Earth Prices Hold Up Well, and Market Inquiry Activity Increases] The Pr-Nd oxide market as a whole continued to hold up well. Under the impact of expectations of tighter supply and pronounced fluctuations in futures prices, upstream suppliers kept raising their offers, while low-priced cargoes tightened rapidly, pushing Pr-Nd oxide prices up to 722,000-728,000 yuan/mt.
Apr 2, 2026 16:11
According to US media reports, the US military has not yet made a deci - Shanghai Metals Market (SMM)