China’s grip on rare earths remains tight amid Xi-Trump showdown

AI Summary

China continues to control exports of essential rare earth elements like yttrium and dysprosium, significantly impacting global supply chains amid ongoing trade tensions with the U.S. Customs data reveals a stark 50% decrease in exports compared to the previous year, posing challenges for companies dependent on these materials.

Exports of yttrium, dysprosium and terbium are still down roughly 50% compared to the 12 months preceding the controls, customs data showed.