EU Trade

Fuatilia

China’s rare earth magnet exports to US keep falling as Europe gains

Shipments of permanent magnets from China to the US totalled 994 tonnes in January and February, down nearly 22.5 per cent year on year, according to data from China’s General Administration of Customs. This marks the seventh consecutive month of decline, while exports to the EU rose 28.4 per cent to 4,775 tonnes.

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