Apple spends $500M on rare earth recycling
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China's exports growth beat expectations in June as businesses continued to divert shipments to non-U.S. markets while shunning the U.S. despite a tariff reprieve.
Following talks with the US thought to include reductions in critical mineral export restrictions, China reports 60 per cent jump in June shipments.
China’s exports of rare earths in June climbed to their highest since 2009, according to official data, indicating a push by global buyers to get hold of the materials used to make powerful magnets.Most Read from BloombergWhy Did Cars Get So Hard to See Out Of?
July 7 (Reuters) - China's export restrictions on rare earths brought parts of the global auto supply chain to a halt and U.S. President Donald Trump to the negotiating table. But at home, they're a big headache for companies already struggling with a slow economy.
China's rare-earth exports expanded significantly in June, maintaining a growth momentum from the previous month and compared with the same period last year, according to data released by the General Administration of Customs (GAC) on Monday.
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Khaleej Times on MSNChina's rare earth exports jump in June in sign of trade war reliefExports were 60% higher than the 4,829 tonnes exported in June 2024. Cumulatively over the first six months of this year, China exported 32,569.2 tons of rare earths versus 29,095.2 tons over the same period last year, customs data showed.
China's rare-earth metal exports soared to their highest level since 2009 in June, amidst a deepening trade standoff with the United States.