China’s Rare-Earth Magnet Exports Surge Amid Trade Agreement Impact

China’s rare-earth magnet exports witnessed a significant surge, hitting the second-highest level in November, post a crucial agreement between the U.S. and China aimed at facilitating the shipment of these vital elements. Customs data revealed that exports in November soared to 6,150 metric tons, reflecting a 12% increase from the prior month. This surge continued the momentum since recording a previous high of 6,357 tons in January. The upswing in exports denotes a recovery from previous export restrictions initiated by China during the trade disputes instigated by the U.S. under President Donald Trump’s administration. The recent dialogue between Trump and…