In 2023, China exported 7.3% more rare earths than in the previous year:
exports rose from 48,727 to 52,306 tons, according to data from the customs
administration. As we reported, the People’s Republic also significantly
increased its production quotas for this group of raw materials last year,
presumably to meet the growing global and domestic demand.
On the other hand, rare earth exports in recent months have been on a
downward trend despite the annual increase. While 4,291 tons of the critical
commodity were exported in October 2023, the figure was only 4,206 tons in
November and the volume fell further to 3,438 tons in December.
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