China's Rare Earth Magnet Exports to the US Fell 21% in August Ahead of Thursday's Trump-Xi Summit
Chinese customs data show rare earth magnet shipments to the US dropped 21% in August to 512 tons, still below pre-2025 levels, as Trump and Xi prepare to meet Thursday with the export truce expiring November 10. A new Council on Foreign Relations report argues the West's mine-and-refine fixes are too slow and too narrow to break Beijing's grip.