China Rare Earth Says Japan Exports Halted on License
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China Rare Earth Holdings Ltd., which exports 30 percent of its products to Japan, said shipments to the nation were halted from last week after a local branch of the Chinese trade ministry stopped issuing licenses.
“We couldn’t get export licenses to Japan,” John Jiang, a sales manager in charge of exports at China Rare Earth, said by phone from Yixing, Jiangsu province. “They cited system failure.”