NewsFlash / Rare Earth / SMM Flash: MP Materials Halts Rare Earth Ore Exports to China Amid Tariff Hike
SMM Flash: MP Materials Halts Rare Earth Ore Exports to China Amid Tariff Hike
iconApr 18, 2025 16:28
Source:SMM
【SMM Flash: MP Materials Halts Export of Rare Earth Ore to China】It is reported that MP Materials has ceased exporting rare earth ore to China. On April 11, China announced an increase in import tariffs on all US goods to 125%. US Congress members noted that selling critical materials at a 125% tariff is neither reasonable nor in the national interest of the US. MP stated that it has invested nearly $1 billion to restore the US rare earth supply chain. Previously, the company planned to advance its "Upstream 60K" strategy, aiming to increase annual production of rare earth oxides to 60,000 mt and achieve commercial production of NdFeB permanent magnets by the end of 2025.

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