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Galactic Magnetics: Anticipated Impact of Rare Earth Export Controls on US Exports in 2024
2025-04-08 /
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Author：小编
Over the past three consecutive trading days, Galactic Magnetics' stock price has cumulatively deviated by over 30%, indicating unusual market volatility. In response, the company has issued a statement confirming that its operating conditions remain normal and that there are no significant undisclosed matters warranting public attention. Galactic Magnetics specializes in the production of rare earth permanent magnets. In light of China's export control measures on seven categories of medium and heavy rare earths, the company anticipates that its exports to the United States in 2024 will experience a certain degree of impact, with the relevant sales revenue contributing approximately 4.4% to the company's total annual revenue.
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