China’s exports of rare-earth magnets skilled a nuanced shift in March, with a slight decline of 1.6% from the prior 12 months however a notable 10.5% rise in comparison with February, based on customs knowledge launched on Monday.
The Basic Administration of Customs reported that China, the world’s largest producer of those important elements, exported 5,238 metric tons of rare-earth magnets final month. Key locations included Germany, South Korea, Vietnam, the US, and India.
Whereas the US noticed a continued decline in imports for the fifth straight month, plunging to a nine-month low of 406 tons—down 9.5% from February and 30.6% yearly—China’s first-quarter exports rose 4.8% year-on-year to 16,001 tons.
