Tag: China’s rare earth permanent magnets

Denmark is replaced by Vietnam and Thailand as top buyers of China’s rare earth permanent magnets

Vietnam and Thailand replaced Denmark as top buyers of China’s rare earth permanent magnets (HS code 85051110) in 2020. According to new reports, higher demand in Vietnam and Thailand increased Chinese export of the materials to Asia-Pacific countries in 2020 while shipments to most European countries including Denmark, decreased by double-digit figures. Covid -19 reportedly…