China's Rare Earth Magnet Exports Down 2.14% MoM, Up 95% YoY in April 2026 Amid US Trade Talks

Published: May 20, 2026 11:59
[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.

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
【SMM Analysis】Slowdown in Approval Processes and Seasonal Lull Weigh on NdFeB Exports; Outlook for June Remains Weak
1 hour ago
【SMM Analysis】Slowdown in Approval Processes and Seasonal Lull Weigh on NdFeB Exports; Outlook for June Remains Weak
Read More
【SMM Analysis】Slowdown in Approval Processes and Seasonal Lull Weigh on NdFeB Exports; Outlook for June Remains Weak
【SMM Analysis】Slowdown in Approval Processes and Seasonal Lull Weigh on NdFeB Exports; Outlook for June Remains Weak
According to SMM statistics, China’s exports of NdFeB magnets totaled 4,730 tons in May 2026, marking a month-on-month decline of 7.72%. However, volumes surged by 281.84% year-on-year. The sharp YoY increase is primarily attributed to a low base effect caused by export controls in May 2025. The MoM drop, meanwhile, reflects both seasonal weakness in overseas demand and tangible changes in domestic export licensing procedures.
1 hour ago
Rare Earth Prices Surge Then Pull Back; News Disturbances Thin Trading [SMM Rare Earth Weekly Review]
2 hours ago
Rare Earth Prices Surge Then Pull Back; News Disturbances Thin Trading [SMM Rare Earth Weekly Review]
Read More
Rare Earth Prices Surge Then Pull Back; News Disturbances Thin Trading [SMM Rare Earth Weekly Review]
Rare Earth Prices Surge Then Pull Back; News Disturbances Thin Trading [SMM Rare Earth Weekly Review]
[SMM Rare Earth Weekly Review: Rare Earth Prices Surge and Pull Back, News-Driven Volatility Cools Trading] Recently, supported by reports of production cuts at scrap recycling enterprises alongside recovering downstream demand, most suppliers sharply raised their quotations and market confidence strengthened notably. On Thursday, however, renewed bearish speculation rattled the market, triggering a sharp drop in futures prices. Spot market prices for Pr-Nd oxide followed suit and pulled back. As of today, Pr-Nd oxide prices have undergone volatile adjustments to 743,000-747,000 yuan/mt.
2 hours ago
[SMM Announcement] Announcement on Revising the Quotation Method for SMM Medium-Yttrium, Europium-Rich Ore Prices
7 hours ago
[SMM Announcement] Announcement on Revising the Quotation Method for SMM Medium-Yttrium, Europium-Rich Ore Prices
Read More
[SMM Announcement] Announcement on Revising the Quotation Method for SMM Medium-Yttrium, Europium-Rich Ore Prices
[SMM Announcement] Announcement on Revising the Quotation Method for SMM Medium-Yttrium, Europium-Rich Ore Prices
7 hours ago
[SMM Rare Earth News Flash] Rare earth permanent magnets: According to - Shanghai Metals Market (SMM)