Beijing — China’s exports of rare earth magnets to the US fell 3.9% in June from the previous month, customs data showed, as concerns persist that Beijing will curb supply of rare earth products as part of its trade war with Washington.
The latest data came after US President Donald Trump told the Pentagon to find better ways to procure samarium-cobalt rare earth permanent magnets, used in specialty motors, warning that the country’s defence would suffer without adequate stockpiles...
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