According to data from the Chinese customs authority, 4,937 tons of rare earths were exported from the People’s Republic in July, a nine percent decrease compared to the same month last year. Compared to June 2024, there was an increase of just under 2.2 percent. In the current year, 34,032 tons of this raw material group have been exported.
Development of rare earth exports from China.
The country’s foreign trade is currently developing unevenly. While exports of goods failed to meet expectations in July, imports rose to their highest level in three months, as reported by Reuters. At the same time, economic growth is currently below the targeted figure of five percent, putting renewed pressure on the government to take action. This applies, among other things, to boosting domestic consumption.
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