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 for 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
Dateline Resources Reports High Rare Earth Oxide Grades at California's Music Valley Project
2 hours ago
Dateline Resources Reports High Rare Earth Oxide Grades at California's Music Valley Project
Read More
Dateline Resources Reports High Rare Earth Oxide Grades at California's Music Valley Project
Dateline Resources Reports High Rare Earth Oxide Grades at California's Music Valley Project
Dateline Resources has achieved strong results from the first round of rock chip sampling at its district-scale Music Valley heavy rare earth project in California, with one sample returning a total rare earth oxide (TREO) grade of up to 7.13%. The company stated that the exploration model was strongly validated, as all 33 samples collected from surface showed anomalous rare earth grades, confirming the widespread presence of mineralization and highlighting multiple targets within the 20,000-acre large project area. These results provided the first geochemical validation of targets generated by Dateline's recent high-resolution airborne magnetic and radiometric surveys.
2 hours ago
European Resources Expands Korsnäs Mineral Resource, ANSTO Reports High Rare Earth Recovery Rates
2 hours ago
European Resources Expands Korsnäs Mineral Resource, ANSTO Reports High Rare Earth Recovery Rates
Read More
European Resources Expands Korsnäs Mineral Resource, ANSTO Reports High Rare Earth Recovery Rates
European Resources Expands Korsnäs Mineral Resource, ANSTO Reports High Rare Earth Recovery Rates
European Resources reported an Inferred Mineral Resource for Korsnäs, expanding it to 15.4 million mt at a grade of 1.00% TREO, and set a conceptual exploration target of 18 million to 32 million mt. ANSTO Minerals achieved notable results, delivering an overall magnetic rare earth recovery of 83%, with recovery rates of 88% for praseodymium and 83% for neodymium, although recovery rates for heavy rare earths such as dysprosium and terbium remained below 50%. At the end of the quarter, the company held only A$1.76 million in cash, sufficient to sustain operations for only about 2.47 quarters at the current rate. Given this, the company is likely to require additional funding.
2 hours ago
Malaysian Parliament Reviews Lynas-US Rare Earth Supply Agreement Amid Policy Concerns
2 hours ago
Malaysian Parliament Reviews Lynas-US Rare Earth Supply Agreement Amid Policy Concerns
Read More
Malaysian Parliament Reviews Lynas-US Rare Earth Supply Agreement Amid Policy Concerns
Malaysian Parliament Reviews Lynas-US Rare Earth Supply Agreement Amid Policy Concerns
According to Malaysian media reports, news emerged on July 17 local time that the Special Select Committee on International Trade and International Relations of the Malaysian Parliament issued a statement saying that the committee is currently reviewing the rare earth supply agreement signed between Australian rare earth enterprise Lynas and the US, with the review focusing on whether this agreement will impact Malaysia's foreign policy and strategic mineral sector. It is reported that Lynas signed a binding letter of intent earlier this year, agreeing to supply rare earth oxides to the US Pentagon within four years.
2 hours ago
Analysis of China's rare earth import and export data in May - Shanghai Metals Market (SMM)