According to data from Chinese customs authorities, exports of permanent rare-earth magnets rose sharply in July. Compared with June, shipments of these components, used, among other applications, in wind turbines and electric motors, increased by 75 percent. Germany was the largest destination, receiving 1,116 tons, nearly one-fifth of the total export volume. The United States ranked second, followed by South Korea, Vietnam, and India. The Indian automotive industry had recently complained about supply difficulties, as export restrictions on certain rare earths had significantly reduced material availability in the market.
Rare earth magnet exports from China over the last year.
The data does not specify the exact type of rare-earth magnets exported, nor whether high-performance magnets containing restricted elements such as dysprosium, terbium, or samarium are included. Regardless of their specific composition, all rare-earth magnets are recorded under a single customs code in China.
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