China's exports of rare-earth magnets to the United States in June surged more than six times from May levels, following successful Sino-U.S. trade talks.

Despite a detente on China’s restrictions on the critical manufacturing inputs, shipments remain far below last year’s levels.

China boosted shipments of rare earth magnets in June — including to the US — after a global supply squeeze that threatened factory closures and inflamed trade tensions.Most Read from BloombergWhy the Federal Reserve’s Building Renovation Costs $2.