China’s Rare-Earth Magnet Exports to the U.S. Snap Back

China’s shipments of rare-earth permanent magnets snapped back in July, signaling a return toward pre-curb trade flows even as the West doubles down on alternative supply. Overall magnet exports hit a six-month high of 5,577 metric tons in July—up ~75% month-on-month and 5.7% year-on-year—after Beijing agreed to normalize sales as part of a trade truce with Washington and Europe. Shipments to the U.S. climbed ~76% m/m to 619 tons, recovering from a May low of just 46 tons during the height of the tit-for-tat restrictions. Germany…