Recently, some countries have expressed concerns over China’s export controls on medium and heavy rare earths. It must be emphasized that all parties should rationally and objectively view the legitimacy and necessity of China’s rare earth export controls, respecting China’s legitimate rights in managing its resources, and jointly uphold international economic order, peace, and security.

On June 5, 2025, during the Foreign Ministry's regular press conference, a Japanese media reporter raised concerns about reports that China’s rare earth export controls have delayed automotive parts procurement, leading Suzuki to suspend production of its main compact models in Japan—a first for the country. Foreign Ministry spokesperson Lin Jian responded that China’s export control measures align with international norms, are non-discriminatory, and not targeted at any specific country. He suggested directing specific inquiries to the relevant Chinese authorities.

Recently, China announced new regulations to strengthen export controls on certain rare earth-related items, sparking widespread attention and varied interpretations. Some foreign media have labeled this move as a “diplomatic card” or “strategic weapon” in trade disputes. However, when viewed within the broader framework of global governance norms, China’s own industrial development needs, and international responsibilities, a more fair and rational conclusion emerges: this step reflects China’s proactive alignment with international practices, elevation of governance standards, and fulfillment of its responsibilities as a key supplier of critical minerals. Far from being a spontaneous “tactical countermeasure,” this policy is rooted in China’s deep need for sustainable industrial development and resonates with the global trend toward standardized management of strategic resources, ultimately aiming for their sustainable use and global co-prosperity.

Rare earth market update on June 11, 2025

The domestic rare earth market is maintaining a stable operation, primarily reflected in product prices fluctuating within a narrow range, traders largely adhering to rigid transactions, and moderate trading volumes. Today, praseodymium-neodymium oxide, erbium oxide, and dysprosium-iron alloy prices are stabilizing at approximately 449,000 yuan/ton, 305,000 yuan/ton, and 1,610,000 yuan/ton, respectively.