Analysis of China's rare earth import and export data in May

Published: Jun 30, 2021 14:42
China imported 235.534 mt of rare earth permanent magnet materials in May, an increase of 60.2% year-on-year. China exported 4,218.624 mt of rare earth permanent magnets in May, an increase of 39.6% year-on-year, according to data released by the General Administration of Customs.

SHANGHAI, Jun 30 (SMM) - China imported 235.534 mt of rare earth permanent magnet materials in May, an increase of 60.2% year-on-year. China exported 4,218.624 mt of rare earth permanent magnets in May, an increase of 39.6% year-on-year, according to data released by the General Administration of Customs.

The top five import countries of Chinese rare earth permanent magnets in May were the United States (657.983 mt), Germany (613.218 mt), South Korea (513.189 mt), Vietnam (316.705 mt) and Italy (223.442 mt).

In terms of rare earth metal ore, China imported 2,742.5 mt of rare earth metal ore in May, all of which came from the United States, a YoY decrease of 63.5%. The value of China's imports of rare earth metal ore was $12.41 million in May, an increase of 13.4% on the year. The import volume of thorium ore and concentrate was relatively stable on a year-on-year basis in May , but fell sharply from the previous month.

China's imports of mixed rare earth carbonate  totalled 1,551.099 mt in May, an increase of 224% on the year and 237.6% on the month. Imports of mixed rare earth carbonate came mainly from Malaysia (1,059 mt), Russia (90.099 mt) and Myanmar (362 mt), followed by India (21 mt) and Estonia (22 mt).

China imported 2,993.565 mt of unlisted rare earth oxides in May, an increase of 68.1% year-on-year. The import value of unlisted rare earth oxides was $94.42 million, a year-on-year increase of 205.3%. abcde China exported 559.975 mt of unlisted rare earth oxides in May, an increase of 33.4% year-on-year. The export value of unlisted rare earth oxides was $12.381 million, an increase of 182.9% year-on-year.

Japan remained the top buyer of Chinese unlisted rare earth oxides, importing 400.002 mt from China in May.

In terms of single rare earth oxides, lanthanum oxide (825.804 mt) recorded the largest export volume in May, followed by cerium oxide, yttrium oxide, neodymium oxide, dysprosium oxide, terbium oxide, praseodymium oxide, and europium oxide.

In terms of single rare earth metals, lanthanum metal (147.015 mt) recorded the largest export volume in May, followed by cerium metal, neodymium metal, praseodymium metal, terbium metal, dysprosium metal and yttrium metal.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Rare Earth Prices Rise Slightly as Downstream Inquiry Activity Picks Up Amid News-Driven Factors
6 hours ago
Rare Earth Prices Rise Slightly as Downstream Inquiry Activity Picks Up Amid News-Driven Factors
Read More
Rare Earth Prices Rise Slightly as Downstream Inquiry Activity Picks Up Amid News-Driven Factors
Rare Earth Prices Rise Slightly as Downstream Inquiry Activity Picks Up Amid News-Driven Factors
[SMM Rare Earth News Flash] Influenced by news-driven factors, downstream inquiry activity picked up in the afternoon. As of 18:00 this evening, Pr-Nd oxide prices closed at 690,000-695,000 yuan/mt, up slightly by 2,500 yuan/mt from the morning price. Spot Pr-Nd alloy prices showed no significant change from the morning, with mainstream quotations remaining at 850,000 yuan/mt, while a small volume of deferred payment wire transfer deals were concluded at 845,000 yuan/mt. Currently, wait-and-see sentiment on the downstream demand side of the rare earth market remained strong, with purchasing being relatively cautious and actual trading volume in the market still limited.
6 hours ago
China's Rare Earth Magnet Exports Down 2.14% MoM, Up 95% YoY in April 2026 Amid US Trade Talks
13 hours ago
China's Rare Earth Magnet Exports Down 2.14% MoM, Up 95% YoY in April 2026 Amid US Trade Talks
Read More
China's Rare Earth Magnet Exports Down 2.14% MoM, Up 95% YoY in April 2026 Amid US Trade Talks
China's Rare Earth Magnet Exports Down 2.14% MoM, Up 95% YoY in April 2026 Amid US Trade Talks
[SMM Rare Earth News Flash] Rare earth permanent magnets: According to data from the General Administration of Customs, China exported 5,126.03 mt of rare earth permanent magnets in April 2026, down 2.14% MoM and up 95% YoY. Meanwhile, the Ministry of Commerce stated that the U.S. economic and trade team conducted thorough communication and exchanges on export control issues, and both sides will jointly study and resolve each other's reasonable and legitimate concerns. The Chinese government implements export controls on critical minerals such as rare earths in accordance with laws and regulations, and reviews compliant, civilian-use license applications.
13 hours ago
Gina Rinehart Invests $31M in US Rare Earths Firm, Expanding Her Mineral Empire
16 hours ago
Gina Rinehart Invests $31M in US Rare Earths Firm, Expanding Her Mineral Empire
Read More
Gina Rinehart Invests $31M in US Rare Earths Firm, Expanding Her Mineral Empire
Gina Rinehart Invests $31M in US Rare Earths Firm, Expanding Her Mineral Empire
Australian Billionaire Invests $31 Million in US-Listed Rare Earths Americas Amid Global Supply Chain Efforts. Australia's richest person, Gina Rinehart, significantly expanded her multibillion-dollar rare earths empire by acquiring a 6% stake in US-listed critical minerals developer Rare Earths Americas. According to filings with the US Securities and Exchange Commission, Rinehart acquired 1.2 million shares through her company Hancock Prospecting, valued at approximately $22.8 million (A$31 million).
16 hours ago
Analysis of China's rare earth import and export data in May - Shanghai Metals Market (SMM)