INSUBCONTINENT EXCLUSIVE:
The volume of China’s export shipments of magnets to the US, a chokepoint in the ongoing trade war between the world’s two largest
economies, plunged in volume by 93.3 per cent in May, year on year, according to the latest customs data.
China exported around 46.4 tonnes
of magnets to the US last month
It was also a sharp month-on-month decline of 81 per cent from 246.3 tonnes shipped in April.
The total export of magnets, which dominate
China’s critical minerals shipments, fell by nearly 74.3...
