Japanese Media: China's Rare Earth Exports to Japan Halved and Continuously Declining
According to a report by Japanese media outlet Sankei Shimbun on August 20: In July, China exported a total of 111 tons of rare earth magnets to Japan, down about 14% from the previous month, marking the fifth consecutive month below 200 tons. Compared with the same period last year, exports declined sharply by approximately 52%.
Following Takumi Asaka’s parliamentary response in November of last year regarding “Taiwan’s emergency status,” Japanese companies have found it increasingly difficult to obtain export licenses for rare earth materials.
The global export volume in July totaled 5,375 tons, a decrease of about 5% compared to the previous month and about 4% lower than the same month last year.
China’s exports to the United States amounted to 647 tons in July, up about 33% month-on-month and about 5% year-on-year, indicating that the decline in exports is targeted specifically at Japan.
In a survey released on July 31 by the "Japan Chamber of Commerce in China," businesses called for "China to revise its export restrictions on Japan." Current difficulties in importing rare earths include "extended customs inspection times by Chinese authorities, as well as delays in delivery and transportation." One company noted, "The import process for various goods, including rare earths, has become significantly slower."
Original source: toutiao.com/article/1874085562386499/
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