中国在稀土加工领域1强，磁铁份额占8成

Core Points - China dominates the global rare earth market, accounting for 70% of production and over 90% in the refining sector, with Chinese rare earth magnets representing more than 80% of the market [2][3] - The export of rare earth magnets from China has significantly decreased, with a 43% drop in April compared to the previous year, and a notable reduction in exports to the US (59%) and South Korea (76%) [2][3] - The Chinese government has implemented export controls on seven rare earth minerals, impacting the supply of high-performance magnets essential for high-tech products and military applications [2][4] Industry Developments - A new rare earth magnet factory in Baotou, Inner Mongolia, is set to begin trial production in October 2023, with an investment of 31.8 billion yuan planned for 2024 to enhance refining and magnet manufacturing capabilities [3] - The US automotive sector is raising alarms about potential production halts due to China's export controls, with the American Automotive Innovation Association warning of possible shutdowns in the coming weeks [4] - Japanese automaker Suzuki has halted production of all models of its Swift car since May, with the suspension initially set to end on June 6 but extended to June 12 due to supply chain disruptions [4][5] International Relations - China is leveraging its position in the rare earth market as a negotiating tool in economic diplomacy with the US and Europe, with potential easing of export controls to Europe being considered [4] - Indian companies, including Suzuki's subsidiary, are in discussions with the Indian government to address the impact of China's export controls on electric vehicle production [5]