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Chinese REE exports hit five year low

Posted on - 09 Feb 2021

Category - Data update

Chinese REE exports fell 23% y/y to 35.4Kt in 2020, according to Chinese export statistics. This is the second consecutive significant drop and comes amid ongoing trade tensions between the US and China. Consultants cite “lacklustre demand growth” but realistically this is occurring because of higher domestic demand for rare earth products and you also wouldn’t rule out China trying to exert its influence as the world’s largest supplier of rare earths. Indeed, China’s MIIT said in January that it is to strengthen regulation in the industry, extending it from just the mining end of the sector to the “entire...

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China REE