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China Rare-Earth Magnet Exports to US Drop Before Xi-Trump Meet

Summary by Bloomberg
China’s exports of rare-earth magnets to the US fell last month, underscoring concerns in the Trump administration that Beijing is still squeezing flows of the critical minerals despite last year’s trade truce.

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Manufacturers are struggling with restrained supplies as U.S. and Chinese official negotiate over export restrictions with consequences for global industry.

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The summit between Donald Trump and Xi Jinping reveals the complex struggle for control of rare earths, essential elements for technology and defense, in a crucial chapter of trade and geopolitical tensions between the West and China.

China's exports of rare earth magnets to the U.S. fell in August. Shipments dropped 21 percent compared to July, falling to 512 tons. The decline in exports is attributed to the U.S.

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Invezz broke the news in Road Town, Virgin Islands (British) on Monday, September 21, 2026.
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