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China’s Rare Earths Exports Rise To Seven-Month Peak

Exports of the 17 minerals crucial to the production of electronic components and magnets – and to many industrial processes too – are up 89% on a year ago


Rare earths in China
Rare earths are loaded up for processing. Photo: AFP

 

China’s rare earths exports rose to their highest in seven months as overseas demand began to show signs of recovery from a pandemic-hit year.

Exports of the group of 17 minerals – vital in the production of electrical and electronic components, lasers and magnets – from the world’s biggest producer of rare earths reached 4,330.4 tonnes last month, up from 3,920.2 tonnes in September.

That was 10% up on the previous month and the highest figure since March, according to data from the General Administration of Customs released on Sunday. It was also an increase of 89% from October 2020, when overseas demand was subdued amid the Covid-19 pandemic.

Exports in the first 10 months of 2021 were up 39.4% on the year at 39,967.7 tonnes.

 

  • Reuters with additional editing by Sean O’Meara

 

Read more:

Quad Nations To Cooperate On Rare Earths, Chips and Tech Supply Chains

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Sean OMeara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

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