China's exports of rare-earth magnets to the United States in June surged more than six times from May levels, following successful Sino-U.S. trade talks.

Decades of process innovation and industrial policy helped China corner the rare earths market while the US fell behind.

China has quietly issued its first 2025 rare earth mining and smelting quotas without the typical public statement, sources with knowledge of the matter said this week, another sign of Beijing tightening its control over the crucial sector.