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China’s Rare-Earth Exports Fall, But Shipments To U.S. Surge 56%

Photo by Anton Maksimov 5642.su / Unsplash

China’s rare-earth magnet exports dipped for the second straight month in October, falling 5.2% from September to 5,473 metric tons, according to new customs data. But shipments to the United States surged 56% month-over-month, reaching their highest level since January.

The spike comes despite Beijing’s rare-earth export controls announced on Oct. 9. China has since agreed to suspend those measures for one year following President Donald Trump’s summit with Chinese leader Xi Jinping in Busan, where both sides pledged steps to ease trade tensions.

Industry officials say China is now designing a new licensing system to streamline shipments but warn it will not fully dismantle existing restrictions.

Germany, the U.S., South Korea, Vietnam and India were the top destinations for Chinese rare-earth magnets last month.

Year-to-date exports total 45,290 tons, down 5.2% from 2024, even as October’s U.S. shipments highlight Washington’s continued dependence on Chinese supply.

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