China’s Rare Earth Exports Decline in May, but it’s no Cause for Concern

China's exports of rare earths have declined to 3,640 tons in May from 4,329 tons in April.

Rare Earth Exports

Chinese rare earth exports are in focus, thanks to the US-China trade war. A few days ago, there were rumors that China could consider withholding supply of rare earths to the US if the trade war intensifies any further.

According to Customs data released on Monday, China’s exports of rare earths have declined to 3,640 tons in May from 4,329 tons in April. Of course, markets are thinking this is an effect of the trade tensions with the US.

However, previous market data reveals that exports swing sharply month after month, sometimes by as much as 20%, and this decline is in line with market expectations. China accounts for roughly 80% of US imports of rare earths, which have vital use in hi-tech industries like electronics and military.

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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