China’s exports of rare earth magnets to the United States fell sharply in September, marking the second straight monthly decline. The drop comes as Washington pushes to secure alternative supply chains amid ongoing trade disputes with Beijing.
Export Decline Reverses Brief Recovery
China’s exports of rare earth magnets to the United States reportedly fell for the second consecutive month in September, reversing what had been a brief recovery period earlier this year. According to customs data released Monday, shipments to the U.S. declined 28.7% from August to 420.5 tonnes, representing a 30% decrease compared to the same period last year.