China's rare earth exports dropped sharply in July, though analysts say the data is too volatile to signal a policy shift, reported Reuters.

China's rare earth exports fell 23 per cent in July to 5,994.3 metric tons, after reaching a record high in June, according to customs data.



The decline comes amid scrutiny of China's export commitments following recent deals with the US and Europe to ease licensing restrictions imposed in April.



Analysts caution that the preliminary data is incomplete and does not differentiate between restricted and unrestricted rare earth products. Volatility in monthly figures is common, making firm conclusions difficult.