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U.S. firms scramble to secure rare-earth magnets — imports from China surge 660%
China’s exports of rare-earth magnets to the United States in June surged more than seven times from the prior month, as American firms clamor to get hold of the critical elements following a preliminary Sino-U.S. trade deal. In April, Beijing placed restrictions on several critical magnets, used in advanced tech such as electric vehicles, wind turbines and MRI machines, requiring firms to receive licenses for export. The move was seen as retaliation against U.S. President Donald Trump’s steep tariffs on China. Beijing has a stranglehold on the production of rare-earth magnets, with an estimated 90% of the ... (full story)
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- Jul 21, 2025 5:47am Posted byFundamental Analysis295
