China's exports of rare earth magnets to the US skyrocket in June
Outbound shipments to the US from the world's largest producer of rare earth magnets surged to 353 tonnes in June, up 660% from May, data from the General Administration of Customs showed on Sunday.
That came after pacts reached in June to resolve issues around shipments of rare earth minerals and magnets to the US, with chipmaker Nvidia's plan to resume sales of its H20 AI chips to China as part of the talks.
China, which provides more than 90% of global supply of rare earth magnets, decided in early April to add several rare earth items to its export restriction list in retaliation for US tariffs.
The subsequent sharp falls in shipments in April and May, due to the lengthy times required to secure export licences had rattled global suppliers, forcing some automakers outside China to halt partial production due to shortage of rare earths.
In total, China exported 3,188 tonnes of rare earth permanent magnets last month, up 157.5% from 1,238 tonnes in May, though the June volume was still 38.1% lower than the corresponding month in 2024.
Shipments of magnets are likely to recover further in July as more exporters obtained licences in June, analysts said.
During the first half of 2025, exports of rare earth magnets fell 18.9% on the year to 22,319 tonnes.

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The Citizen
22 minutes ago
- The Citizen
Brics bloc slows down on de-dollarisation
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This ambition, if realised, would represent the most meaningful step yet toward a multi-polar world, with or without a shared Brics banknote. This article was republished from Moneyweb. Read the original here.

The Herald
an hour ago
- The Herald
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The Herald
an hour ago
- The Herald
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