China's export of rare minerals restored before commercial conversations with America

China’s export of rare minerals, a group of 17 elements forming a commercial conflict with Washington, recovered to 5,865 tonnes in May, according to the customs data released on Monday. In May, exports were an improvement compared to 4,785 tonnes sent in April, but it is still below the level of last year of 6,217 tonnes. Exports have increased by 2.3% to 24.827 tonnes since the beginning of the year abroad. The data issued does not contain products derived from rare minerals, such as magnets with high value used in electric cars and hard storage tablets. Rare minerals are the axis of London conversations. The rare soil minerals are expected to lead the London talk later today, when negotiators meet in the framework of the efforts of the two largest world economies to calm the existing tension between them. The list of complaints contains the restrictions imposed on China on the export of minerals and magnets rare elements, which are widely used in advanced and defensive technical industries. On Monday, the released customs information offers an incomplete picture of the effect of China’s restrictions, which only affects the global sales of seven elements of the rare earth group. These restrictions were introduced on April 4 following the punishments imposed by President Donald Trump on Chinese goods. China produces about 70% of the total global supply of rare minerals. The export data data derived from rare metals on June 18, while the details of the export destinations will be issued on June 20. The limitation on rare metal exports to an agreement that China appears to have relieved its restrictions last month after an announcement on May 12, in which they said the two countries have reached an agreement to reduce customs duties and other commercial barriers. But the United States later accused Beijing of deliberately delaying the completion of the transactions, although the delays can return to the long periods of approval required within the Chinese system to grant licenses. European commercial officials and car manufacturers have also launched warnings about possible disorders in the supply chains coming from China. The Chinese government reported on Saturday that they had approvingly exports of rare soil minerals, without clearing the countries or sectors covered, in an attempt to create the atmosphere to facilitate on Monday conversations with the US side. Low exports of rare minerals for America The Customs data for April showed that rare metal sales and products to the United States fell by 37% compared to March, to reach about 1700 tonnes. Regarding sales of rare soil mineral magnets, it saw a greater drop of 58% to only 246 tonnes. Worldwide, sales of these magnets fell by 51%, by about 2600 tonnes.