Putin accuses Europe of redirecting grain meant for poor countries under Black Sea deal
Russian President Vladimir Putin has accused European countries of taking grain originally meant for impoverished nations under the 2022 Black Sea Gra...
China’s exports of rare earth magnets dropped sharply in May, plunging 52.9% from April to just 1,238 metric tons, their lowest monthly level since February 2020. The drop comes amid tightened export controls and growing customs scrutiny.
The decline marks the second consecutive month of halved shipments and represents a 74% year-on-year decrease, according to data released Friday by the General Administration of Customs.
China—responsible for more than 90% of global rare earth magnet production—began restricting exports of seven medium-to-heavy rare earth products and select magnets in April, impacting global supply chains in sectors ranging from automotive and aerospace to semiconductors and defence.
While Beijing recently pledged to expedite license approvals following a trade détente with the U.S., insiders say Chinese customs have grown increasingly cautious, particularly as many different rare earth magnets are grouped under a single customs code, complicating enforcement.
Companies including JL MAG Rare-Earth and Innuovo Technology have confirmed receiving limited export licenses, though broader approval remains elusive.
From January to May, total rare earth magnet exports fell 14.5% year-on-year to 19,132 tons, the lowest for the five-month period since 2021.
Shipments of lower-performance magnets, used in appliances and consumer electronics, are reportedly being held up due to regulatory confusion, adding further strain on already disrupted supply chains.
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Germany's export slump since 2021 is largely driven by deep-rooted competitiveness issues, the Bundesbank warned in its latest report, calling for urgent structural reforms.
Israeli researchers have unveiled an artificial intelligence tool that can determine a person’s true biological age from tiny DNA samples with remarkable precision.
Hollywood star Sydney Sweeney is reportedly the top contender to become the next Bond girl, as director Denis Villeneuve and Amazon look to modernise the James Bond franchise.
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Gurbanguly Berdimuhamedov, Chairman of Turkmenistan’s Halk Maslahaty, visited Azerbaijan’s Karabakh region, where he was welcomed by President Ilham Aliyev at Fuzuli International Airport.
New Zealand researchers are using drones and satellites to protect eucalyptus forests from costly pest damage.
Kazakhstan is stepping up its engagement with Afghanistan, focusing on humanitarian, educational, and economic collaboration, according to an official announcement from the Kazakh presidency.
From the heart of cultural Shusha to the rebirth of Fuzuli, the visit of Chairman of Turkmenistan’s Halk Maslahaty Gurbanguly Berdimuhamedov to Azerbaijan symbolized a reaffirmation of the deep-rooted ties between two Turkic nations.
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