China has approved “a certain number” of export permits for rare earth elements and related items, its commerce ministry spokesman said on Thursday

A tentative deal reached in London gives Beijing continued leverage in trade negotiations.

Western companies are voicing growing concern that China is demanding sensitive business information as a condition for securing exports of rare earth metals and magnets, raising fears of data misuse and exposure of trade secrets, the Financial Times reported.

Chinese rare earths magnet producer JL MAG Rare-Earth said on Wednesday it had obtained export licences for rare earths products including magnets, motor rotors and components to regions including the U.