China's rare earth magnet shipments to U.S. up by 12% YOY in 2019
2020-02-10 08:48:22 [Print]
China's exports of rare earth magnets to the United States jumped 11.9% in 2019, customs data showed, amid a Pentagon plan to bolster its stocks as rare earths became a potential front in the Sino-U.S. trade war.
U.S.-bound shipments of the magnets rose to 4,593 tonnes last year, according to data from the General Administration of Customs, from 4,103 tonnes in 2018. The 2019 number is the highest annual total in customs database records going back to 2017.
For December, rare earth magnet shipments to the United States came in at 360 tonnes, down 4.5% from 376 tonnes in November but up 1.1% year-on-year.
U.S.-bound shipments of the magnets rose to 4,593 tonnes last year, according to data from the General Administration of Customs, from 4,103 tonnes in 2018. The 2019 number is the highest annual total in customs database records going back to 2017.
For December, rare earth magnet shipments to the United States came in at 360 tonnes, down 4.5% from 376 tonnes in November but up 1.1% year-on-year.
