China's exports growth beat expectations in June as businesses continued to divert shipments to non-U.S. markets while shunning the U.S. despite a tariff reprieve.

Following talks with the US thought to include reductions in critical mineral export restrictions, China reports 60 per cent jump in June shipments.

July 7 (Reuters) - China's export restrictions on rare earths brought parts of the global auto supply chain to a halt and U.S. President Donald Trump to the negotiating table. But at home, they're a big headache for companies already struggling with a slow economy.

Rare earths are key materials for many electric vehicle (EV) parts. China has a dominant position in the global rare earth supply chain with its abundant deposits and high vertical integration. In June 2025, China implemented export controls on some medium and heavy rare earths, triggering a crisis for the global automotive supply chain.

China's rare-earth exports expanded significantly in June, maintaining a growth momentum from the previous month and compared with the same period last year, according to data released by the General Administration of Customs (GAC) on Monday.

This comes after China had earlier in April imposed tighter export controls on rare earth magnets — critical components for electric vehicles, wind turbines, and electronics. The move resulted in a sharp drop in global shipments and rising uncertainty across supply chains.

China’s exports of rare earths in June climbed to their highest since 2009, according to official data, indicating a push by global buyers to get hold of the materials used to make powerful magnets.Most Read from BloombergWhy Did Cars Get So Hard to See Out Of?

China has leveraged its dominance over rare earths for Nvidia chips; however, this expert says world isn't decoupling, it is just bartering.

China's overseas shipments of rare earth magnets halved in May from April, tumbling to their lowest levels in more than five years due to export curbs.

CHINA’S rare earth exports expanded significantly in June, maintaining a growth momentum from the previous month and compared with the same period last year, according to data released by the General Administration of Customs (GAC) on Monday.