China’s rare-earth magnet exports hit second-highest ever in Nov

China’s rare-earth magnet exports hit second-highest ever in Nov

From brecorder.com

China’s exports of rare-earth magnets rose to the second-highest level on record in November, the first full month after the U.S. and China agreed to streamline exports of the elements. Exports hit 6,150 metric tons in November, according to customs data released on Saturday, up 12% from October and the highest since the record 6,357 tons in January. China restricted exports of the specialised magnets used in weapons, cars and phones in April during the trade war unleashed by U.S. President Donald Trump, bringing parts of the global supply chain to a halt. Trump said on October 30 that he and Chinese leader Xi ... (full story)

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