China's rare earth exports clampdown: Curbs backfire as local...

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China's rare earth exports clampdown: Curbs backfire as local magnet makers reel from demand collapse; revenues plunge and inventories pile up despite US deal

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China's curbs on rare earth exports have shaken the global auto industry. Carmakers faced production halts. The restrictions also hurt Chinese magnet producers. Magnet exports saw a sharp decline. A deal between the US and China aims to restart trade. However, recovery is expected to be slow. Domestic magnet firms face challenges.

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