China published a flurry of trade data this week, underlining Beijing’s market power in the critical minerals markets. Shipments of multiple raw materials stood at historic lows in June. Meanwhile, one of the main contenders to rival China in the rare earths sphere, Australia’s Lynas, posted results for the past quarter.
Chinese Dysprosium and Terbium Exports Remain at Historic Lows
Exports of dysprosium and terbium from China remained at historic lows in June, following a complete halt in May. According to Chinese customs data, just 1 kilogram of dysprosium and 1200 kilograms of terbium were exported, both to South Korea. No shipments were recorded to other countries.
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Chinese Gallium Exports Resume in June, Germanium Remains at Low Levels
After a complete halt in May, China resumed gallium exports in June, according to the latest customs data. A total of 4,260 kilograms of the critical metal cleared Chinese customs last month. The two main destinations were Japan, with 2,004 kilograms, and Germany, with 2,000 kg, marking a partial recovery from May. Germanium exports, however, remain at a critically low level. Only 96 kilograms were shipped in June, down from 1,328 kilograms in the same month last year.
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China: Rare Earth Magnet Exports Rebound in June, But Still Lag Year-on-Year
After a sharp drop in May, China’s exports of rare earth magnets saw a recovery in June. According to the latest data from Chinese customs authorities, 3,188 tons of rare earth magnets were exported during the month. Germany was the largest destination, receiving 764 tons, followed by the United States with 353 tons. However, the export value continues to lag behind volume, likely due to fewer high-performance magnets containing dysprosium and terbium, both of which are subject to Chinese export controls since April.
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Lynas Reports 25% Revenue Jump, Signs MOU with Korean Magnet Maker
Australian rare earths producer Lynas Rare Earths has reported a 25% year-on-year increase in quarterly revenue for the period ending June, driven by higher production volumes and improved selling prices. In a separate announcement, the company announced a memorandum of understanding with Korean permanent magnet manufacturer JS Link to build a magnet plant in Malaysia.
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Export Restrictions: Are China and the EU Moving Closer on Rare Earths?
According to media reports, the European Union and China have moved closer to resolving their dispute over rare earth exports. Following the EU-China summit in Beijing, European Commission President Ursula von der Leyen stated that both sides had agreed on a mechanism aimed at increasing transparency in the licensing process and avoiding supply disruptions. However, no further details have been released so far.
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