US EditionChina’s Rare Earth Exports Jump Ahead of US Trade Negotiations
- China's rare earth exports rose by 23% in May compared to April, reaching their peak monthly volume not seen since the previous year, according to customs data released Monday.
- This rise followed export restrictions imposed by China in early April, which halved magnet exports and disrupted global supply chains.
- Automotive industry associations such as Germany’s VDA and the Alliance for Automotive Innovation cautioned that restrictions on the supply of crucial magnets and rare earth elements could lead to interruptions or halts in vehicle production.
- The US and China, the world's largest economies, are scheduled to meet in London this week to discuss trade tensions including rare earth export controls, described as a grievance by Bloomberg.
- Nearly 70% of the world’s rare earth elements are produced by China, which has recently approved export licenses as it seeks to address national security priorities while responding to increasing global demand from industries such as robotics and electric vehicles.
31 Articles
31 Articles
China’s Exports of Rare Earths Jump Despite Shipment Controls
Despite export controls and curbs on some rare earth elements, China’s overall rare earth exports jumped by 23% in May compared to April, Chinese customs data showed on Monday. The exports for May, the second month following Chinese restrictions imposed in early April, were at their highest monthly level in a year. The data doesn’t distinguish among the various rare earth minerals, so it’s too early to say how much the export curbs hit the eleme…
China’s rare earth exports jump ahead of US trade negotiations
China's rare earths exports rose 23% in May, amidst ongoing trade tensions with the US. Despite this increase, total shipments remain below last year's levels. The US and China are set to discuss rare earths and tariffs in an upcoming trade talk.
China Says Some Rare Earths Exports Approved Ahead of Trade Talks With US - The Thinking Conservative
China has approved a number of licenses for rare earths export applications, its commerce ministry said. The post China Says Some Rare Earths Exports Approved Ahead of Trade Talks With US appeared first on The Thinking Conservative.
China Says Some Rare Earths Exports Approved Ahead of Trade Talks With US
China has approved a number of licenses for rare earths export applications, its commerce ministry said on June 7—a day before trade negotiations between Chinese and U.S. officials in which the critical metals are expected to be top of the agenda. The Chinese authorities “noticed that with the development of robots, new energy vehicles, and other industries, the demand for medium and heavy rare earths in the civilian field continues to rise in a…
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