China's exports of rare earths to US surge in June

Rise In Shipment

- REUTERS

CHINA'S EXPORTS OF rare earth magnets to US in June soared by more than six times from May, a sharp recovery in the flow of critical minerals key to electric vehicles and wind turbines after a Sino-US trade deal.

Outbound shipments to the US from the world's largest producer of rare earth magnets surged to 353 metric tons in June, up 660% from May, data from the General Administration of Customs showed on Sunday.