China News Service, August 20, Ministry of Commerce spokesperson Gao Feng 20 said that from January to July this year, China exported 22,800 tons of rare earths, down 20.2% year-on-year, and the amount was 211 million US dollars, down 26% year-on-year. According to industry reports, since the beginning of this year, due to the impact of the new crown pneumonia epidemic, the production and operation activities of downstream rare earth enterprises have slowed down. Chinese companies carry out international trade business based on changes in international market demand and risk conditions.
The Ministry of Commerce held a regular online press conference on the 20th. Some reporters asked questions. According to statistics from the General Administration of Customs, China's rare earth exports fell by about 70% year-on-year in July. What are the reasons for the decline in rare earth exports? Is the epidemic affecting the supply chain? The United States relies on China to export rare earths. Is the decline in exports a way for China to counter the United States?
Gao Feng pointed out that according to customs statistics, from January to July this year, China exported 22,800 tons of rare earths, a year-on-year decrease of 20.2%, with an amount of US$211 million, a year-on-year decrease of 26%. According to industry reports, since the beginning of this year, due to the impact of the new crown pneumonia epidemic, the production and operation activities of downstream rare earth enterprises have slowed down. Chinese companies carry out international trade business based on changes in international market demand and risk conditions.