China’s Global Exports of Rare Earth Elements and Rare Earth Permanent Magnets

China continued to leverage its control of the rare earth supply chain in March 2026, including restricting exports to the United States and Japan. China exported rare earth magnets (some–but not all–of which are covered by export controls) to the world in March 2026 at around historical levels, but exports to the United States have declined every month since October 2025. China’s global exports of export-controlled compounds and metals remained low in March 2026, with a rebound in exports to the United States but only minimal exports to Japan (reflecting the implementation of new controls on exports to Japan in January 2026).