Shipments of magnets are likely to recover further in July as more exporters obtained licences in June, analysts said.

China's Ministry of State Security says it is cracking down on alleged smuggling of rare earths materials that it says threaten national security.

China’s exports of rare-earth products jumped in June, pointing to a potential pickup in magnet supplies after government-imposed curbs that proved to be Beijing’s most powerful weapon in its trade war with the Trump administration.