Chinese rare earth magnet exports grow in early 2026

Chinese rare earth magnet exports rose 8.2 percent in early 2026 reaching 10,763 metric tons. Shipments to the U.S. fell while exports to Japan increased.

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China reported an 8.2% increase in rare earth magnet exports during the first two months of 2026, according to customs data released on Friday. This uptick occurs as global markets await a critical diplomatic meeting between the world's two largest economies. Outbound shipments from the leading global producer reached 10,763 metric tons between January and February, serving critical sectors ranging from consumer electronics to defense.

U.S. President Donald Trump and Chinese President Xi Jinping meet for bilateral talks at Gimhae International Airport during the 2025 APEC summit in Busan, South Korea. Photo: Reuters/Evelyn Hockstein
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