China Implements New 2-Year Reporting Rules for Exports of Rare Earths and Imports of Crude Oil, Ores, and Fertilizers
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China asks exporters to report transactions of rare earth metals and oxide products for economic security.
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Importers of crude oil, iron ore, copper ore, and potash fertilizer must also report orders and shipments.
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These new reporting requirements will last 2 years starting October 31.
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Rare earths are the only export item on the reporting list. China is the top global producer.
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Import reporting shows Beijing's concern over potential choke points, as China imports most crude oil, iron ore, and copper.