Despite a detente on China’s restrictions on the critical manufacturing inputs, shipments remain far below last year’s levels.

China's exports of rare earth magnets to the United States in June soared to more than seven times their May level, marking a sharp recovery in the flow of critical minerals used in electric vehicles and wind turbines after a Sino-U.

The country's government alleges collusion to steal rare earths-related goods by repackaging and relabeling rare metals to hide their Chinese origin.