Source:https://www.scmp.com/economy/china-economy/article/3319027/eu-share-chinas-rare-earth-magnet-shipments-jumps-june
EconomyChina Economy

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

China’s exports of the magnets to the EU were nearly half of all its June shipments, the highest share in 2025, with more licences granted

Alice Li
China’s near-monopoly control over the supply of rare earth elements has created some unease among European policymakers. Photo: Reuters
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 from May and a 38.2 per cent drop year on year, according to customs data.

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