Thu Jun 12 18:04:30 UTC 2025: Here’s a news article summarizing the provided text, formatted from an Indian perspective:

**From Rare Earth Restrictions to Reassurance: China Issues Export Licenses After U.S. Deal**

**Beijing, June 12, 2025 (The Hindu) -** Following a period of heightened trade tensions and concerns over global supply chains, China announced today it has begun issuing licenses for the export of rare earth elements. This move comes on the heels of a tentative agreement between Beijing and Washington, lauded by U.S. President Donald Trump, to ensure the continued supply of these crucial materials.

The economic powerhouses have been engaged in intense negotiations aimed at de-escalating a damaging trade war that has sent ripples through global markets. A key demand from the U.S. has been the uninterrupted supply of rare earths, essential components in the production of electric vehicles, computer hard drives, and critical defense technologies. China, the dominant player in the global rare earth market, had instituted export licenses in April, a move widely interpreted as a retaliatory measure against U.S. tariffs.

President Trump took to social media on Wednesday to declare that the deal was “done,” pending final approval from himself and President Xi Jinping, stipulating that China would supply “full magnets, and any necessary rare earths, up front.”

Chinese commerce ministry spokesperson He Yadong stated at a press conference that China, “as a responsible major country,” is committed to meeting the legitimate needs of all nations regarding rare earth elements for civilian applications. He confirmed that the ministry is reviewing export license applications in accordance with its regulations, and that a “certain number” of compliant applications have already been approved. However, he declined to provide specific figures on the number of licenses granted since talks held in Switzerland last month.

The situation is being closely watched by India, which is seeking to strengthen its own domestic capabilities in rare earth processing and manufacturing, to ensure its own strategic independence and supply chain resilience in the face of global uncertainties. With the complex interplay of global economies, India hopes to build strategic relationships to protect its own interests.

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