US EditionChina’s Magnet Exports to EU Surge as Bloc Bears Brunt of Crunch
5 Articles
5 Articles
China’s Magnet Exports to EU Surge as Bloc Bears Brunt of Crunch
China’s exports of rare-earth magnets to the European Union surged in August, underscoring the bloc’s heavier reliance on Chinese supply compared with the US and its exposure to trade tensions between Washington and Beijing.
China's exports of rare-earth magnets to the European Union surged in August, highlighting the bloc's greater dependence and vulnerability to Chinese supplies than to the United States, Bloomberg reported. EU shipments of rare-earth magnets rose 21 percent to 2,582 tons in August from July, according to Chinese customs data. By contrast, exports to the United States fell 5 percent month-on-month to 590 tons. Rare-earth magnets, which are essenti…
China rare-earth magnets exports to EU surge
China’s exports of rare-earth magnets to the European Union surged in August, underscoring the bloc’s heavier reliance on Chinese supply compared with the US and its exposure to trade tensions between Washington and Beijing, reports Bloomberg. Shipments to the EU rose 21% from July to 2,582 tons, according to Chinese customs data on Saturday, taking […]
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