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April 30, 2025
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5 minute read
China facing a 60% drop in rare earth concentrate imports
In April, the US halted exports of rare earth concentrate to China. At the same time, exports from Myanmar to China remain suppressed since late-2024 when resistance forces took control of key mining sites in the country.
Unless the status quo changes, China is poised to experience a massive drop in concentrate imports in Q2 2025 (and possibly beyond) and consequently a drop in feedstock supplies to its processors and magnet makers.
China’s newly enacted export restrictions, which have bogged down its own exports of rare earths and magnets, are serving to offset the upstream supply shock for now.
