Chinese exports of the 17 elements used to make a variety of high-tech and military gadgets fell 8.8% in the first five months of this year compared against the year-earlier period. Declining Chinese exports are believed to be one of the catalysts behind the recent surge in rare earths as China controls 95% of the rare earths export market.
Chinese exports fell to 23,742 metric tons in the January-May period, the Wall Street Journal reported, citing China’s Economic Information & Agency. Beijing also reiterated its vow to remain vigilant against violators of the export quotas, the Journal reported.
Chinese exports fell to 23,742 metric tons in the January-May period, the Wall Street Journal reported, citing China’s Economic Information & Agency. Beijing also reiterated its vow to remain vigilant against violators of the export quotas, the Journal reported.
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