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China's exports of rare earth magnets to the US surge in June
CHINA, JUL 20 – China’s rare earth magnet exports to the US jumped 660% in June after a trade deal eased export restrictions, aiding recovery of supply chains for electric vehicles and wind turbines.
China's exports of rare earth permanent magnets to the US surged in June 2025, rising to 353 metric tons from the world's largest producer.
This surge followed earlier export restrictions imposed by China in April to retaliate against US tariffs, which caused sharp shipment declines in April and May.
The rebound followed an agreement between Beijing and Washington reached recently, which eased rare earth export restrictions and scaled back certain technology limitations affecting shipments to China.
June exports rose about 160% month-on-month to 3,188 tons globally, yet remained 38% lower than June 2024, according to data from Beijing's General Administration of Customs.
The rise in shipments signals a partial recovery benefiting companies reliant on these key minerals for EVs and wind turbines, while analysts expect further export license approvals to improve flows in July.
This increase in Chinese rare earth exports in June, more than seven times the May level, is the result of a trade agreement between Washington and Beijing in June 2025.