Source: China – South China Morning PostChina’s exports of permanent magnets rose to a six-month high in July, marking a second month of growth after the government pledged to accelerate export permit approvals for the rare earth derivative.
According to customs data, China exported 5,577 tonnes of permanent magnets last month, up 75 per cent month on month.
Rare earth permanent magnets are an essential component in products including electric vehicles, wind turbines, smartphones, aeroplanes and spacecraft.
The European Union remained…Read More