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0 0.000381533765738327 -0.000763067531476519 0 0.00419687142312092 0.00686760778328881 0.0175505532239604 0.0221289584128196
Stock impact report

Ford suppliers receive China's new streamlined rare-earth licences [BNN Bloomberg (Canada)]

Ford Motor Company (F) 
Last ford motor company earnings: 4/28 04:09 pm Check Earnings Report
US:NYSE Investor Relations: shareholder.ford.com
Company Research Source: BNN Bloomberg
The so-called general licences were agreed after Presidents Xi Jinping and Donald Trump met in South Korea and will reportedly allow larger shipments with fewer hurdles under year-long permits for individual customers. China's introduction of rare-earth export controls in April forced companies to apply for licences for every shipment, creating shortages that brought parts of the auto supply chain to a halt and handed Beijing enormous leverage in trade talks with Washington. Reuters reported last week that three Chinese magnet suppliers had licences issued, but Ford appears to be the first foreign customer to acknowledge that suppliers have received approvals under the streamlined system. China has said little publicly about the new licences, how they will work or who will receive them, raising fears among non-U.S. diplomats and producers that the licences will be for U.S. customers primarily. Those concerns were heightened this week when Germany's Foreign Minister Johann Wad Show less Read more
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