China's rare earth magnet exports to U.S. down by 21.2% MOM in Nov
2019-12-25 15:14:58 [Print]
China's exports of rare earth magnets to the United States fell 21.2% MOM, customs data showed on Wednesday, as improving trade relations between the two countries reduced demand for stockpiling.
U.S.-bound shipments of the magnets came in at 376 tonnes last month, according to data from the General Administration of Customs. The figure was also down 3.2% YOY.
China's rare earth magnet exports to all countries came in at around 2,891 tonnes last month, down by 6.5% from 3,091 tonnes in October and up by 10.4% from November 2018.
The biggest export destination for the magnets was Germany, to which China sent 672 tonnes in November. In October, rare earth magnet exports to Germany had spiked to around 708 tonnes, the highest since at least 2016.
U.S.-bound shipments of the magnets came in at 376 tonnes last month, according to data from the General Administration of Customs. The figure was also down 3.2% YOY.
China's rare earth magnet exports to all countries came in at around 2,891 tonnes last month, down by 6.5% from 3,091 tonnes in October and up by 10.4% from November 2018.
The biggest export destination for the magnets was Germany, to which China sent 672 tonnes in November. In October, rare earth magnet exports to Germany had spiked to around 708 tonnes, the highest since at least 2016.
