Source: China – South China Morning PostChina’s exports of rare earth permanent magnets to the United States fell in August despite total shipments rising on the back of quicker approvals from Beijing.
China shipped 6,146 tonnes of permanent magnets last month, up 10.2 per cent month on month and 15.4 per cent year on year, according to official customs data. That marked the highest monthly total since January, when exports reached 6,357 tonnes.
The US, China’s second-largest buyer, imported 590 tonnes in August, down 5 per cent from…Read More