US EditionChina's exports of rare earth magnets to the US surge in June
CHINA, JUL 20 – China's export of rare earth magnets to the U.S. rose over 660% in June after trade pacts eased restrictions, restoring supply for electric vehicles and wind turbines.
- Exports to the United States surged in June, following a Sino-U.S. trade deal that resolved shipment issues, marking a sharp recovery.
- China's export curbs in April led to sharp declines in deliveries, as prolonged permit delays disrupted global supply chains and affected automakers outside China.
- Outbound shipments to the United States reached 353 metric tons, up 660%, according to the General Administration of Customs, indicating a significant rebound in China's rare earth magnet exports in June.
- Following the June pacts, Chipmaker Nvidia plans to resume sales of its H20 AI chips to China, resolving U.S. shipment issues during trade talks.
- Shipments are projected to recover further in July, supported by more exporters obtaining licences in June, analysts said.
Insights by Ground AI
Does this summary seem wrong?
33 Articles
33 Articles
Coverage Details
Total News Sources33
Leaning Left5Leaning Right5Center7Last UpdatedBias Distribution41% Center
Bias Distribution
- 41% of the sources are Center
41% Center
L 29%
C 41%
R 29%
Factuality
To view factuality data please Upgrade to Premium
