China’s Magnet Exports to US Hit Six-Month High After Truce (2)

China’s flows of rare-earth magnets to the US continued to recover in July — with volumes rising 76% month-on-month — after Beijing agreed to normalize exports as part of its trade truce with Washington.

The Asian nation shipped 619 tons of rare-earth permanent magnets to the US, up from a low of 46 tons in May, when the two countries were still locked in a damaging tit-for-tat trade war. China put export controls on the components, weaponizing the nation’s 90% grip on global production to squeeze US factories and pile pressure on President Donald Trump.

Rare-earth magnets are used ...