China Rare Earth Exports Soar in May

SHANGHAI, Jun. 28 (SMM) – China’s rare earth exports surged in May, and export prices showed signs of recovery. 

Customs data showed outbound shipments were 4,073 tonnes in May, up 55.6% from a year ago and up 36.3% from April.

The average export price was $8.2/kg in May, down 30% year-on-year, but up from nearly three-year low of $6/kg in April.

Rare earth exports totaled 19,364 tonnes during the first five months of this year, up 81.64% from the same period last year, and export value totaled $143 million, also up 11.4%.  

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