China's July customs data reveals divergent trends in rare earth exports to the U.S. and Japan: a sharp increase to the U.S., a significant decline to Japan

Foreign media: Data from China's customs in July show a divergent trend in strategic mineral exports—upward to the U.S., downward to Japan: exports of rare earth permanent magnets to the U.S. rose 4.6% year-on-year and surged 32.6% month-on-month; other rare earth oxides jumped 56.8% year-on-year, and shipments of industrial synthetic diamonds soared nearly 808%;

Meanwhile, exports of rare earth magnets to Japan plummeted 52.2% year-on-year, natural flake graphite dropped sharply by 62%, and tungsten carbide has recorded zero exports for six consecutive months since February.

This contrast stems from China's accelerated approval of rare earth exports to the U.S. following trade negotiations, along with the suspension of certain targeted restrictions on exports to the U.S., while export controls on key materials to Japan have continued to tighten, exacerbating Japan's critical material shortages.

Original source: toutiao.com/article/1874126782758912/

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