SHANGHAI: China is willing to accelerate the examination and approval of rare earth exports to European Union firms and will also deliver a verdict on its trade investigation of EU brandy imports by July 5,

China has agreed to fast-track approvals for the shipment of rare earth minerals to the United States and some European Union nations.

Several European auto supplier plants and production lines have been shut down due to a shortage of rare earths caused by China imposing restrictions on exports, Europe's auto supplier association CLEPA said,