China's rare earth magnet exports hit 6-month high

CHINA'S FLOWS OF rare earth magnets to the US continued to recover in July—with volumes rising 76% month-on-month—after Beijing agreed to normalize exports as part of its trade truce with Washington.

- BLOOMBERG

China shipped 619 tonnes of rare earth permanent magnets to the US, up from a low of 46 tonnes in May, when the two countries were still locked in a damaging tit-for-tat trade war.

China put export controls on the components, weaponizing the nation's 90% grip on global production to squeeze US factories and pile pressure on President Donald Trump.