Country's overall rare earth exports sank to 4.5-year low in November. FMTNews
Workers transport soil containing rare earth elements for export at a port in Lianyungang, China.
US-bound shipments of the magnets, which are widely used in medical devices, consumer electronics and defence, came in at 376 tonnes last month, according to data from the General Administration of Customs.The US military plans to stockpile rare earth magnets used in Javelin missiles and F-35 fighter jets, according to a government document seen by Reuters, although a US policy bill bans the purchase of rare earth magnets from China for military use in the 2019 fiscal year.
It has since raised annual rare earth output quotas to record highs and agreed an initial deal to end the trade row, although its overall rare earth exports in November totalled only 2,636 tonnes, the lowest since May 2015, customs data released on Dec. 8 showed.
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