EU share of China’s rare earth magnet shipments jumps in June

Following the acceleration of licence approvals for the export of rare earth elements, China’s shipments of the minerals rebounded in June – and the proportion of its permanent magnets sent to the European Union rose to its highest level this year.
Last month, China exported 3,188 tonnes of rare earth permanent magnets – an essential component for a variety of products, including electric vehicles (EVs), wind turbines, smartphones and aerospace vessels. This represented a 157.5 per cent increase…