China's rare-earth export value jumps 44.9 pc in Jan-May despite modest rise in volumes
Beijing, [China} June 16
China's rare-earth export volumes rose only 2.2 per cent year-on-year during the first five months of 2026, but export value surged 44.9 per cent, reflecting significantly higher prices and stronger global demand for the strategic minerals.
According to data released by the General Administration of Customs of China, the country exported 25,378 tonnes of rare-earth ore, metals and compounds during January-May 2026, compared with about 24,832 tonnes in the corresponding period last year. However, the export value climbed sharply to USD 243.63 million, marking a 44.9 per cent increase over the year-ago period.
In May 2026 alone, China's exports of rare-earth ore, metals and compounds stood at 5,490.4 tonnes, with an export value of USD 63.08 million.
The customs data indicate that while export volumes have remained largely stable, the value of shipments has increased substantially, underscoring the rising importance of rare earths in global supply chains linked to electric vehicles, renewable energy technologies, advanced electronics and defence applications.
China remains the world's dominant producer and processor of rare earth elements, which are critical inputs for a wide range of high-technology and clean-energy industries.
The latest figures come amid heightened global focus on securing supplies of rare earth materials, as countries seek to diversify sourcing and reduce dependence on concentrated supply chains.
— ANI
Reader Comments
Price jump by 45% is huge! It's not just about volumes; they've clearly figured out how to extract maximum value. Meanwhile, our own rare earth sector struggles with environmental clearances and technology gaps. High time we learn from their model—without becoming dependent.
This is what happens when you control the entire supply chain from mining to magnets. Smart move by China, but risky for the rest of the world. Diversification isn't optional anymore—it's a national security imperative.
All this focus on EVs and renewables means the demand will only grow. But shouldn't we be more worried about the environmental cost of rare earth mining in China? We need to develop greener extraction methods, even if it costs more initially.
Honest question: Are we even close to having our own rare earth processing capacity at scale? India's DMRE is promising but we've been talking about it for years. Meanwhile, China is minting money. Actions speak louder than press releases. 🙏
The real story is the price elasticity—demand is so inelastic that China can drop volumes and still increase revenue. This gives them enormous geopolitical leverage. Time for India, US, and Australia to jointly invest in alternative supply chains. FAST.
N Nidhi U