JL MAG Rare-Earth says it obtained export licenses for rare earth products to US, Europe

BEIJING, June 11 (Reuters) - Chinese rare earth permanent magnet producer JL MAG Rare-Earth 300748.SZ on Wednesday said it has obtained export licenses issued by Chinese authorities for exports of rare earth products to regions including the U.S., Europe and Southeast Asia.

The company applied for export licenses after China announced a decision to curb exports of rare earths products in April, and the applications are being approved "in succession", the company said in a post on the official investor relations platform for the Shenzhen stock exchange.