China’s overseas shipments of rare-earth products, a category dominated by high-value permanent magnets, jumped 69% in July to 6,422 tons, according to customs data compiled by Bloomberg. The surge lifted exports to their highest level since January, extending a rebound that began in June. The recovery follows export licensing controls Beijing introduced in early April after Washington raised tariffs on Chinese goods. The curbs, which covered seven rare-earth elements and products made from them, briefly choked global supply chains for electric vehicles, defense systems and electronics, sending exports to a low in May. Chinese authorities started accelerating licence approvals after a partial trade truce with the United States. U.S. Trade Representative Jamieson Greer said this month that China is “about halfway” toward restoring magnet shipments to pre-control levels, though some licences still last only six months. Even with July’s rebound, buyers remain wary. Beijing has yet to disclose its 2025 mining and separation quotas, and the episode has intensified efforts in the United States, Europe and elsewhere to diversify supply and invest in recycling to reduce reliance on China’s near-monopoly.