China’s rare earth exports surged in May to their highest level in a year, rising 23% from April to 5,864.60 tons, according to customs data released Monday.
The increase came despite export curbs introduced in April that disrupted global supply chains and triggered production halts in parts of the auto and semiconductor industries.
While the broader category of rare earth shipments posted strong monthly growth, the effects of Beijing’s restrictions are still being felt, particularly in Europe. Several auto parts manufacturers were forced to shut down operations last week, and chipmakers warned they could face similar closures within weeks.
The curbs, which apply to several types of rare earths and rare earth magnets but not all, were a key topic in a rare phone call last week between the leaders of the United States and China.
More detailed trade data, expected on June 20, will provide a clearer picture of the impact. April figures showed that exports of rare earth magnets had already dropped by half, highlighting the early effects of the new rules.
From January through May, total rare earth exports rose slightly to 24,827 tons, up from 24,266.5 tons in the same period last year. China remains the world’s largest producer of the 17 minerals that are critical to high-tech manufacturing, electric vehicles, and defence applications.
