China’s exports of rare earths have fallen to the lowest level since 2020, as the communist regime tightened the controls over the strategic metals amid trade tensions with the United States.
The volume of rare earth permanent magnets shipped from China plunged by approximately 53 percent from a month earlier in May, according to The Epoch Times’ calculation of data released by China’s General Administration of Customs on June 20.
The 1,238 metric tons of rare earth magnets exported last month marked the lowest level since February 2020, the onset of the COVID-19 pandemic.
Shipments to the United States declined sharply. China’s customs data show that roughly 46 metric tons of rare earth were exported to the United States in May, down by 81 percent from a month earlier….
China’s Rare Earth Exports Slump to 5-Year Low
