US paves way to resume ethane exports to China

The U.S. cleared the way to resume ethane exports to China on Wednesday, sending letters to producers Enterprise Products Partners and Energy Transfer rescinding a restrictive license requirement put in place just weeks ago, Reuters reported.

The U.S. had placed restrictions on ethane -- and a wide swathe of other exports -- to China in late May and early June after accusing Beijing of slowing shipments of rare earths vital to automakers and other industries, Reuters reported.

Wednesday's letter lifting the license requirement comes after the United States and China resolved issues last week surrounding shipments of rare earth minerals and magnets to the U.S., Reuters reported.