China Eases Rare Earth Export Restrictions Amid Global Competition
China's exports of rare-earth products increased by 80% in June after a period of trade restrictions, signaling a potential recovery in magnet supplies, though levels remain below pre-shock figures. The export controls, part of China's trade war strategy, initially caused disruptions but are now easing, with the government working through a backlog of license applications. Meanwhile, global demand remains high, prompting a rush to secure rare-earth materials outside China, amid ongoing efforts by China to combat smuggling.