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China’s New Record: Over 1M Cars Exported in a Month

China released eye-popping June trade numbers on Tuesday. “A bit insane,” said Brad Setser of the Council of Foreign Relations, on X.  Overall, Chinese exports increased 27% year-on-year to $412.4 billion. Imports expanded even more, by 36% year-on-year, to $286.8 billion.  Chinese officials attributed the spike to the new artificial intelligence economy. “With the rapid growth of…

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Why Global Trade in Rare Earth Elements is Growing and Diversifying

Higher prices for rare-earth minerals and strategic support from the U.S. and other governments have sparked further investment, production, and international trade, diversifying supply for minerals that are essential to high-tech production. Rare earths elements, such as dysprosium, lanthanum and cerium, are 17 elements used as niche ingredients in magnets, batteries and catalytic converters. These…

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