BREAKING: China’s total export volumes of rare-earth magnets jumped +158% MoM in June, to 3,188 tons, the most since March. Exports to the US surged +667%, to 353 tons, from just 46 tons a month earlier. Despite the rebound, overall shipments remained well below the levels seen before China imposed export controls in early April. June volumes were still only about 66% of the 2024 monthly average, according to customs data. Crucial rare earth flows from China are starting to recover.(The Kobeissi Letter)