China's Rare Earth Magnet Exports Surge 10.2% August Record High Amid US-Europe Trade Talks

China's exports of rare earth magnets and products surged in August, with shipments rising to their highest levels in several years, signaling a recovery in outbound flows critical to electric vehicles, renewable energy, and defense industries. Data shows exports increased by over 10% from July and reached a near-record 7,338 tons, the largest monthly volume since at least 2012, reflecting eased export controls imposed earlier in response to US tariffs. Despite the overall rebound, shipments to the United States declined, highlighting weaker American demand amid ongoing geopolitical tensions. The export surge coincides with upcoming talks between Chinese President Xi Jinping and US President Donald Trump, where trade and critical minerals are expected to be key discussion points. European industries remain undersupplied, facing production stoppages due to shortfalls in rare earth magnets, underscoring global supply chain challenges. This increase in exports suggests China is both catching up on delayed orders and signaling a potential easing of trade tensions affecting rare earth supply chains.