BEIJING : China's exports of rare earths in July rose 49 per cent from a year earlier to 5,426 metric tons, customs data showed on Tuesday, supported by healthy demand from the new energy vehicle and wind power sectors.
"Some consumption areas, including new energy vehicles and the installed capacity of wind power, exhibited growth, generating relatively steady demand for rare earths," said Yang Jiawen, an analyst with Shanghai Metals Market. Also contributing to higher exports last month were concerns that China might soon limit exports of rare earths after it announced in early July it would restrict the exports of gallium and germanium, widely used in the semiconductor industry, starting in August, according to analysts.
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