China’s Exports of Rare Earths Rise Year-on-Year

Jan 2024

In 2023, China exported 7.3% more rare earths than in the previous year: exports rose from 48,727 to 52,306 tons, according to data from the customs administration. As we reported, the People’s Republic also significantly increased its production quotas for this group of raw materials last year, presumably to meet the growing global and domestic demand. On the other hand, rare earth exports in recent months have been on a downward trend despite the annual increase. While 4,291 tons of the critical commodity were exported in October 2023, the figure was only 4,206 tons in November and the volume fell further to 3,438 tons in December.

Photo: iStock/MAGNIFIER

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