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Israel-Iran conflictin World Affairs
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Tensions escalate as Iran and Israel exchange air attacks, with the UAE evacuating citizens from Iran amid rising fears. Claims about Israel underestimating Iran's missile capabilities are denied.

China’s magnet exports to US slammed in May as rare earth curbs hit: data

South China Morning PostFriday, June 20, 2025 at 12:30:13 PM
China’s magnet exports to US slammed in May as rare earth curbs hit: data
China’s exports of rare earth magnets to the U.S. took a nosedive in May, dropping a staggering 93% compared to last year—and an 81% plunge from just the month before. These magnets are a key battleground in the U.S.-China trade war, and the sharp decline reflects tightening export controls from Beijing. Overall, China’s magnet exports globally also fell by over 74%, signaling broader ripple effects.
Editor’s Note: Rare earth magnets are essential for everything from electric vehicles to military tech, so this isn’t just about trade stats—it’s a power move. China’s curbs could squeeze U.S. manufacturers who rely on these materials, escalating an already tense economic standoff. If this keeps up, expect more supply chain headaches and maybe even higher costs for green tech.
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