DongGuan Courage Magnetoelectric Technology Co.,Ltd

Industry news

In June, China's exports of rare earth magnets to the United States decreased by 3.9%

China's exports of rare earth magnets to the United States fell 3.9% in June from last month, according to data released by Customs on Saturday, as concerns remain that Beijing will restrict the supply of rare earth products as part of a trade war between China and the United States.
Earlier, U.S. President Donald Trump told the Pentagon Monday to find better ways to purchase samarium cobalt rare earth permanent magnets for special engines and warned that without adequate stockpiles, U.S. defense would be affected.
According to Chinese customs statistics, China exported 414,000 kilograms, or 414 tons, of permanent rare earth magnets or other rare earth materials used to produce permanent magnets to the United States last month, Reuters reported. That's 3.9% less than in May.
This figure was 3.9% lower than 431 tons in May and 1.45% higher than the same period last year. The 431 tons in May were the highest monthly total since at least 2016.

The article belongs to the news column of magnet industry. Edited by Xiaofu of Courage Network Department, a Chinese magnet supplier.


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