China's rare earth magnet exports to the U.S. surged 660% in June, following a trade deal.

China's exports of rare earth magnets to the US surged by 660% in June, reaching 353 metric tons, up from 39.7 metric tons in May. This significant increase follows a Sino-US trade deal aimed at resolving issues around rare earth shipments. Despite this surge, exports are still down 18.9% year-to-date compared to the same period in 2024. Rare earth magnets are vital for electric vehicles and wind turbines.