On Monday, the Chinese customs authority released figures regarding the export of rare earths in September. According to the data, exports of this group of raw materials decreased by more than eleven percent compared to August, falling to 4,181 tons. However, compared to the same month last year, there was a six percent increase.
China releases export data for September
New regulations for exporting rare earths have been in effect in the People’s Republic since the beginning of the month. Unlike the case with gallium and germanium, where exports surged shortly after the announcement of restrictions, a similar trend has not yet emerged for rare earth elements. Meanwhile, China’s foreign trade has fallen short of analysts’ expectations, affecting both imports and exports, according to Bloomberg.
Photo: iStock/RoNeDya
