Huan Qiu Wang·2025-08-08 02:13Group 1 - China's July rare earth exports totaled 5,994.3 tons, a month-on-month decrease of 23%, ending the record high momentum seen in June [1] - In July, soybean imports reached a historical high, while coal imports rebounded from a two-year low in June, and crude oil imports remained high for the second consecutive month [1] - Recent actions by China to combat the smuggling of strategic minerals, including heavy rare earths, have raised concerns in the U.S. about the inability to fill the rare earth supply gap, as over 90% of rare earths require processing in China [1] Group 2 - According to CITIC Securities, the supply side is expected to shrink, with high raw material costs and a potential reduction in waste production, while non-compliant production capacity is anticipated to exit the market [1] - The report indicates that metal production remains stable, with sufficient metal inventory and a limited amount of low-priced spot products available [1] - On the demand side, CITIC Securities notes a steady improvement, with expectations of increased export approvals for neodymium-iron-boron products and stable domestic orders [3]