Skip to content

China Rare Earth Magnet Exports To EU Surge As Licensing Rules Ease

Photo by Dan Loran / Unsplash

China sharply increased its exports of rare earth permanent magnets to the European Union in November, following Beijing’s move to grant broader and longer-term export licenses for the critical materials, according to official data.

Shipments to the EU rose nearly 60 percent year over year to about 2,569 tonnes, while export value climbed to roughly $106.9 million, figures from China’s General Administration of Customs showed.

Exports also rose nearly 25 percent from October, signaling renewed momentum after earlier controls.

The surge contrasted with shipments to the United States, which fell nearly 9 percent in volume despite a modest increase in value. Overall, China’s global magnet exports rose more than 28 percent year over year in November.

China dominates roughly 90 percent of the global rare earth magnet market, Morgan Stanley has noted, making supply diversification difficult.

Analysts at Gavekal Dragonomics have warned that US dependence on Chinese rare earths remains a strategic vulnerability, especially amid ongoing trade and technology tensions.

Also read:

US Battery Imports Fall Despite Surging Energy Storage Demand
US battery imports fell sharply in the third quarter as developers grew cautious about relying on Chinese-made products ahead of new federal restrictions, according to an analysis of US customs data by Nikkei Asia. Imports from July through September dropped 36.2% from the previous quarter, while shipments from China
US Raises Alarm Over Chinese Role In Micronesia Airstrip Project
The rebuilding of a World War II-era airstrip in Micronesia with the involvement of Chinese companies has raised security concerns in Washington, as U.S. analysts warn of Beijing’s growing influence in the western Pacific. The project involves the rehabilitation of the Woleai airstrip in Yap state, about 600

Comments

Latest