China’s Magnet Exports to US Slammed in May as Rare Earth Curbs Hit: Data
- In May 2025, the quantity of magnets China sent to the US decreased dramatically by 93.3% year over year, reflecting stricter controls on rare earth mineral exports.
- This export decline follows Beijing's imposed controls responding to US tariffs, recalling China's 2010 rare earth weaponization during the East China Sea dispute.
- China leads rare earth production with over 50,000 related patents, advanced processing in Baotou, and dominates global magnet exports affecting US defense, energy, and automotive sectors.
- He Yadong stated on Thursday that China accelerates export license reviews and seeks enhanced dialogue to promote compliant trade amid these controls.
- The export restrictions heighten pressure on US manufacturers and illustrate persistent US dependency on Chinese rare earths despite two decades of strategic concern.
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Jim Farley warns that China’s dominance over rare earth minerals poses a critical risk to the automotive industry
Chinese exports of rare earth magnets fell by 52.9% in May compared to April. China is the world's leading producer of rare earths, with about 90%
·Milan, Italy
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