China-led magnet imports more than halve. Automakers see no turning back
Imports of finished and unfinished permanent magnets, which are largely made of rare-earth metals, fell to 16,281 tonnes during the April to September period, registering a 56% drop from a year earlier, according to the ministry of commerce data. That’s the steepest fall in a six-month period in the last seven years. In the financial…