China’s rare earth magnet exports to the US keep falling as Europe gains

South China Morning PostCenter-RightEN 1 min read 100% complete by Mia NurmamatMarch 20, 2026 at 02:30 PM

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China's exports of rare earth permanent magnets to the United States have decreased for the seventh consecutive month, falling by 22.5% year-on-year in January and February to 994 tonnes. This decline occurs as the US seeks to reduce its reliance on China's critical mineral supply chains. During the same period, exports of these magnets to the European Union increased by 28.4% to 4,775 tonnes, making the EU China's largest buyer with 44.4% of total exports. The US was China's third-largest buyer, behind Germany and South Korea, accounting for 9.2% of total exports. China dominates the global supply and processing of rare earth elements, which are essential for various high-tech products.

Key Entities & Roles

Key Player Opposition Context

General Administration of Customs 40% Germany 50% South Korea 50% European Union 70% United States ×380% China ×690%

Keywords

rare earth magnets 100% china 90% exports 80% united states 70% european union 70% critical minerals 60% rare earth elements 50% supply chains 50% trade data 40%