According to CNBC repots, After Washington-Beijing trade deal, American companies moved fast to get the consignment of critical rare earth magnets from China
According to Beijing’s General Administration of Customs. China has exported more rare earth metals in June, with consignments to the US rising by 660% on a monthly basis, This is an increase of over sevenfold compared to May, as firms rushed to obtain these vital minerals following a trade agreement between Beijing and Washington.
Despite this recent surge of the metal, the deliveries were nearly 50 % that from the last year in the same duration of June, the data showed. The total was still 38% lower than the same month in 2024
Total exports of the precious metals increased to 3,188 tons, up around 160% from 1,238 tons in May.
Data shows that during the first half of 2025, exports of rare earth magnets also fell 18.9% on the year to 22,319 tons. Interestingly the US was the second-largest recipient of rare earth magnets in June after the Germany.
