China's Rare-Earth Magnet Exports to US Dip 11% in November Despite Truce

• China's rare-earth magnet exports to the US fell 11% in November compared to October.
• Shipments totaled 582 tons in November, down from 656 tons in October, according to Chinese customs data.
• The decline occurred despite a trade truce between the two nations, with no immediate rebound seen.
• Rare-earth magnets are crucial for electric vehicles and military equipment.
• Earlier this year, China used export controls on these magnets as a trade weapon, causing US-bound shipments to plummet in May before rebounding to normal levels.

Why It Matters: US-bound rare-earth magnet exports from China declined in November, signaling ongoing trade complexities.