Export figures for the critical raw materials dysprosium and terbium moved in opposite directions in March.
China's terbium exports declined again, according to the latest data from Chinese customs authorities. After 500 kilograms in February, only three kilograms were shipped abroad in March, all of it to Australia.
China has imposed strict export controls on terbium As recently as March 2025, just before the measures took effect, nearly 11 tonnes of terbium were exported.
Dysprosium, which is subject to the same regulations, showed a different trend. Exports reached 7,386 kilograms in March, returning to roughly last year's level after no shipments were recorded in February. South Korea was the main destination, with smaller volumes going to Portugal.
Permanent magnets used, among other applications, in electric vehicle motors rely on dysprosium and terbium for their high-temperature performance. China holds a dominant position in both the mining and processing of these materials.
Development of dysprosium exports in recent months
Development of terbium exports in recent months
Development of exports of rare earth magnets in recent months
Rare Earth Magnet Exports Increase
China also maintains a strong market position in the production of rare earth magnets. Export data for these components, released on April 20, show an increase of more than 10% compared to February. At 5,238 tonnes, export volumes were broadly in line with the level of the same month last year.
Germany was the largest importer by a wide margin, followed by South Korea, Vietnam, the United States, and India. Japan, as in February, once again ranked among the top ten destination countries.
