China's September rare-earth magnet exports to Japan totaled 171 tonnes, down approximately 25% year on year. Worldwide exports totaled 6,165 tonnes, while exports to the US totaled 604 tonnes, up 44% year on year.
September rare-earth magnet exports to Japan totaled 171 tonnes, down approximately 19% month on month and approximately 25% year on year, falling below 200 tonnes for the first time in 2 months.
Worldwide rare-earth magnet exports totaled 6,165 tonnes in September, up approximately 23% month on month and approximately 7% year on year. Exports to Japan remained relatively weak.
Exports to the US totaled 604 tonnes, up approximately 18% month on month and approximately 44% year on year. The two countries agreed in ministerial-level talks to extend the truce in the trade war by 2 months through 10 January next year, raising the possibility that China is moving ahead with exports to the US.
As background, some observers have pointed out that the Chinese government is increasing pressure on Japan, making it difficult for Japanese companies to obtain export licenses.