Update on Chinese export restrictions

Following recent developments in trade negotiations between China and the United States last Thursday, October 30, we would like to inform you of an important change in the regulations concerning rare earth materials.

Earlier this year, the Chinese Ministry of Commerce introduced new export rules under Announcement No. 18, which include the mandatory declaration of dual-use items effective April 4, 2025.
On October 9, additional measures were announced via Announcement No. 56, No. 57, No. 61, and No. 62.

However, during the China–U.S. summit held in Korea, it was decided to temporarily suspend the additional measures issued on October 9.

Implications for our operations

For Goudsmit and our customers, this means the following:

• Exporters in China (our suppliers of rare earth permanent magnets) are still required to obtain an export license before shipping goods to Goudsmit.
• If you design and/or use permanent magnets containing heavy rare earth elements (HREs) listed in Announcement No. 18 (such as dysprosium, terbium, or samarium), an end-user certificate (EUC) and additional information remain mandatory.
  We encourage you to discuss HRE-free alternatives with us.

Please note that the other restrictions under Announcement No. 18 remain in effect. These were explained in previous communications.

Our response

Goudsmit considers these Chinese government measures to be beyond its control and sphere of influence. Nevertheless, we will make every effort to minimize the impact of these developments.
We continue to monitor the situation closely and collaborate with all partners in the supply chain to ensure continuity of supply.

An impact assessment is currently underway to determine the specific implications for our products and your deliveries. We will contact you as soon as more information becomes available.

If you have already received signals from your own suppliers or have any questions regarding these developments, please reach out to your regular Goudsmit contact.