Report:: China's Magnet Exports Recover While Key Inputs Remain Restricted

Highlights

• Chinese magnet exports approached historical levels in September 2026, but controlled compounds and metals remained globally depressed.
• No direct Chinese terbium shipments to the US were recorded January–September, raising concerns about magnet-making input availability.
• A labeling conflict on page 44 of the Silverado report shows inconsistent date ranges across narrative, chart titles, and axes.
• Rising magnet shipment counts with lower average weight suggest smaller units, not improved efficiency or adequate defense-grade supply.
• Diversified shipping routes do not confirm supply independence without verified mining and processing origins.