中国1~2月对日稀土出口增长9％，重稀土减少

Core Insights - China's rare earth magnet exports in January and February increased by 8.3% year-on-year, reaching 10,762 tons, while exports to the U.S. decreased by 22.5% to 994 tons, and exports to Germany grew by 14.9% to 2,270 tons [2][7]. - Japan's imports of rare earth magnets from China showed a mixed trend, with a year-on-year decrease of 8.7% in January (221 tons) but a significant increase of 36.9% in February (222 tons) [5][7]. - The Chinese government has implemented stricter export controls on dual-use items, which are believed to include heavy rare earth products, affecting Japan's supply chain [4][7]. Export Trends - The total export volume of rare earth magnets from China in early 2026 is still considered normal, despite being lower than the peak levels seen in November and December 2025 [7]. - The Chinese Ministry of Commerce has placed Japanese companies on a dual-use export prohibition list, citing reasons related to military capability enhancement [7]. Market Dynamics - Japanese companies are reportedly facing difficulties in sourcing heavy rare earth products from China, which are critical for their supply chains [4][7]. - The export regulations introduced in December 2024 require detailed information regarding the final use and procurement of rare earth products, impacting trade with Japan [7].