14 Apr 2025
On April 4th, China announced its plan to control the export of seven rare earth elements.
After the US raised its tariffs on China to 145%, on April 4th, China halted seven rare earth elements exports: gadolinium, samarium, dysprosium, yttrium, terbium, scandium, and lutetium.
China is the largest supplier of these elements, controlling 70% of the global production. These materials are extensively used by high-tech industries like automotive, especially EVs, robotics and AI hardware, aerospace and defence, electronics, and renewable energy.
The US heavily depends on Chinese imports of these elements. It is now processing deals with Ukraine to allow US enterprises access to its rare earth metal reserves. Russia has offered to work with the US for joint production in Russia and occupied parts of Ukraine.
The US and Europe are encouraging more mining and refining capabilities for these elements. Nations like Japan and companies globally are stockpiling, while enterprises like Tesla are trying to reduce the use of these rare minerals in their products.
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