Chinese Rare Earth Exports Slump as US Trade Woes Intensify

China’s exports of rare-earth magnets to the United States took an 11% hit in November, signaling a potential ripple effect from the escalating trade tension. The substantial decline, revealed in data from Chinese customs, saw November shipments totaling 582 tonnes compared to the previous month’s 656 tonnes. This downturn arrives on the heels of a trade truce between the globe’s leading economies. A significant shift in China’s export landscape reflects the intricate dance of power between the US and China. Rare-earth magnets, pivotal in industries like military technology and electric vehicles, became a focal point in bilateral trade skirmishes this…