Latest news with #COMAC
Malay Mail
a day ago
- Automotive
- Malay Mail
China defends export controls on rare earths but signals flexibility as supply crunch hits automakers, chipmakers
BEIJING, May 30 — China said it would cooperate further with other countries over its rare earth export controls as shortages put auto and semiconductor makers in Europe and India at risk of closure. China, which controls over 90 per cent of global processing capacity for the rare earth magnets used in everything from automobiles and fighter jets to home appliances, imposed restrictions in early April requiring exporters to obtain licences from Beijing. While a handful of licences have been granted, including to some Volkswagen suppliers, Indian automakers say they have received none and will have to stop production in early June. 'We stand ready to strengthen dialogue and cooperation in the field of export control with relevant countries and regions and stay committed to maintaining the stability of global production and supply chains,' foreign ministry spokesperson Lin Jian said on Friday when asked about the controls. Chinese state media reported on Wednesday that the country could relax its curbs on rare earths exports for Chinese and European semiconductor firms after meetings between industry and the Ministry of Commerce where the issue of shortages was raised. The New York Times reported earlier this week that the United States suspended some sales of critical technologies to China, including parts for state-owned plane maker COMAC, in response to China's restriction on exports of critical minerals. — Reuters
Free Malaysia Today
a day ago
- Business
- Free Malaysia Today
China signals softer stance on rare earth export curbs
China, which controls 90% of global processing capacity for rare earth magnets, has imposed restrictions requiring exporters to obtain licences from Beijing. (EPA Images pic) BEIJING : China said it would cooperate further with other countries over its rare earth export controls as shortages put auto and semiconductor makers in Europe and India at risk of closure. China, which controls over 90% of global processing capacity for the rare earth magnets used in everything from automobiles and fighter jets to home appliances, imposed restrictions in early April requiring exporters to obtain licences from Beijing. While a handful of licences have been granted, including to some Volkswagen suppliers, Indian automakers say they have received none and will have to stop production in early June. 'We stand ready to strengthen dialogue and cooperation in the field of export control with relevant countries and regions and stay committed to maintaining the stability of global production and supply chains,' foreign ministry spokesman Lin Jian said today when asked about the controls. Chinese state media reported on Wednesday that the country could relax its curbs on rare earths exports for Chinese and European semiconductor firms after meetings between industry and the commerce ministry where the issue of shortages was raised. The New York Times reported earlier this week that the US suspended some sales of critical technologies to China, including parts for state-owned plane maker COMAC, in response to China's restriction on exports of critical minerals.
Reuters
a day ago
- Business
- Reuters
China signals softer stance on rare earth export curbs
BEIJING, May 30 (Reuters) - China said it would cooperate further with other countries over its rare earth export controls as shortages put auto and semiconductor makers in Europe and India at risk of closure. China, which controls over 90% of global processing capacity for the rare earth magnets used in everything from automobiles and fighter jets to home appliances, imposed restrictions in early April requiring exporters to obtain licences from Beijing. While a handful of licences have been granted, including to some Volkswagen suppliers, Indian automakers say they have received none and will have to stop production in early June. "We stand ready to strengthen dialogue and cooperation in the field of export control with relevant countries and regions and stay committed to maintaining the stability of global production and supply chains," foreign ministry spokesperson Lin Jian said on Friday when asked about the controls. Chinese state media reported on Wednesday that the country could relax its curbs on rare earths exports for Chinese and European semiconductor firms after meetings between industry and the Ministry of Commerce where the issue of shortages was raised. The New York Times reported earlier this week that the United States suspended some sales of critical technologies to China, including parts for state-owned plane maker COMAC, in response to China's restriction on exports of critical minerals.
The Sun
3 days ago
- Business
- The Sun
US suspends sales of some US technologies to China's airplane maker COMAC, New York Times reports
WASHINGTON: The United States has suspended some sales to China of critical U.S. technologies, including those related to jet engines to Chinese state-owned aerospace manufacturer COMAC, the New York Times reported on Wednesday. Citing two people familiar with the matter, the newspaper said the move was in response to China's recent restriction on exports of critical minerals to the U.S. The paper said the department had suspended some licenses that allowed U.S. firms to sell products and technology to COMAC to develop its C919 aircraft. The Commerce Department and Chinese Embassy in Washington did not immediately respond to requests for comment. The C919 is made in China but many of its components come from overseas, including its LEAP engine which is made by GE Aerospace and French engine maker Safran. GE Aerospace did not offer an immediate comment. The C919 - designed to compete with best-selling narrow-body models of dominant planemakers Airbus and Boeing - entered service in China in 2023 after winning domestic safety certification in 2022. The C919 currently only flies within China and Hong Kong. In 2020, the first Trump administration granted a license to GE to supply engines for the jet. 'I want China to buy our jet engines, the best in the World,' Trump said in February 2020. 'I want to make it EASY to do business with the United States, not difficult.' GE was licensed for the LEAP engines in 2014.
Time of India
3 days ago
- Business
- Time of India
US suspends sales of some US technologies to China's airplane maker COMAC: Reports
The U.S. has reportedly suspended some technology sales to China, including those related to jet engines for COMAC's C919 aircraft, according to the New York Times. This action is allegedly a response to China's recent restrictions on critical mineral exports to the U.S. The suspended licenses affect U.S. firms selling products and technology to COMAC for the C919's development. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The United States has suspended some sales to China of critical U.S. technologies, including those related to jet engines to Chinese state-owned aerospace manufacturer COMAC , the New York Times reported on two people familiar with the matter, the newspaper said the move was in response to China's recent restriction on exports of critical minerals to the U.S. The paper said the department had suspended some licenses that allowed U.S. firms to sell products and technology to COMAC to develop its C919 Commerce Department and Chinese Embassy in Washington did not immediately respond to requests for C919 is made in China but many of its components come from overseas, including its LEAP engine which is made by GE Aerospace and French engine maker Safran . GE Aerospace did not offer an immediate C919 - designed to compete with best-selling narrow-body models of dominant planemakers Airbus and Boeing - entered service in China in 2023 after winning domestic safety certification in C919 currently only flies within China and Hong 2020, the first Trump administration granted a license to GE to supply engines for the jet. "I want China to buy our jet engines, the best in the World," Trump said in February 2020. "I want to make it EASY to do business with the United States, not difficult."GE was licensed for the LEAP engines in 2014.
