Published: 2025-10-23 12:28:17 • Daniel Gårdefelt
Ever since China introduced significant export restrictions on rare earth metals, HYAB has been working proactively to secure our own, and therefore your, supply of magnets. However, it is no secret that there are longer lead times across the entire market, something we have been clear about in our emails and on our website.
In order to get our magnets delivered, we as a European supplier of magnets must apply for export licenses with our suppliers in China, which is a time-consuming and detailed process. HYAB has already obtained several export licenses for our customers, which means that we now have some knowledge of the process.
Some key takeaways from the export license application are:
1. It is a time-consuming process
The application process can take up to 60 days after all information has been submitted by us. Furthermore, if all information has not been submitted correctly, there is a risk that the processing time will be extended further.
2. Cooperation with the end customer is required
Much of the information submitted is specific information about the end customer and the area of use for the magnet – information that is best obtained from the end customer themselves. In addition, it is important that all details are consistent in the event of a potential inspection by Chinese customs.
3. It is here to stay
Some may still hope that these restrictions are part of a temporary trade war with the United States. However, we at HYAB are convinced that they are here to stay and that it is rather up to us to navigate this new reality.
Would you like to know more about export licenses and how they affect you? Contact us on +46 8 26 10 80 or [email protected] and we will tell you more.