中国2025年稀土出口量创11年以来新高

Core Insights - China's rare earth exports are projected to reach 62,585.2 tons in 2025, marking a 12.9% year-on-year increase and the highest level since 2014 [2] - The export volume saw a significant decline in April and May 2025 due to the inclusion of seven medium and heavy rare earth elements and magnets in the export control list in response to high U.S. tariffs [2] - Following agreements between China, the U.S., and Europe, rare earth exports began to recover from June 2025 [2] Group 1 - In November 2025, China's rare earth exports reached 5,493.9 tons, a substantial increase of 24.4% compared to the same month in 2024 [2] - December 2025 saw a month-on-month decline of 20% in exports to 4,392 tons, attributed to reduced overseas purchasing demand as companies stocked up ahead of the Christmas holiday [2] - Despite the December decline, the export volume was still 32% higher than the 3,326 tons recorded in December 2024 [2] Group 2 - The rare earth industry in China is experiencing a simultaneous increase in both volume and price, with the average export price in November 2025 at $9,000 per ton, up from $8,300 per ton in November 2024 [3] - The implementation of total control measures for rare earth mining and separation has ensured a stable long-term supply, although the growth rate of supply is lagging behind demand expansion [3] - The demand for rare earths is being driven by developments in industries such as robotics, low-altitude economy, and military applications, indicating a positive outlook for high growth in the Chinese rare earth industry this year [3]