Overview

• China’s exports of rare earth magnets to the United States climbed to 353 metric tons in June, marking a 660% increase from May.
• Total magnet exports rose to 3,188 tons in June, up 157.5% month-on-month but still 38.1% below June 2024 levels.
• Licensing delays in April and May had driven an 18.9% year-on-year drop in first-half exports to 22,319 tons.
• June trade negotiations eased export restrictions and secured technology concessions such as Nvidia’s resumption of H20 AI chip sales to China.
• Analysts forecast continued growth in July as more exporters obtain licenses under the revised export regime.