China rare earth metal ore imports decreased by 41% YoY in Jan-Feb

These are China’s import data (by types) in January-February 2024 released by the General Administration of Customs and their YoY change: rare earth metal ore (7,605 mt, -41%); unlisted rare earth oxides (6,965.6 mt, +12%); mixed rare earth carbonate (1,658 mt, +22%).
Rare earth metal ore mainly came from the US. Recently, the US made greater efforts to accelerate development of the rare earth industry chain, which may cut its rare earth raw materials exports. Meanwhile, MP rare earth mine operated at nearly full capacity.
Unlisted rare earth oxides and mixed rare earth carbonate mainly came from Myanmar and Malaysia whose policy may make it difficult for imports of the two types to maintain rapid growth trend of last year.