China has imposed export restrictions on seven rare earth...

China has imposed export restrictions on seven rare earth metals, effective April 4, 2025, in a move that escalates trade tensions with the US. The restricted metals include:- *Samarium*- *Gadolinium*- *Terbium*- *Dysprosium*- *Lutetium*- *Scandium*- *Yttrium*These elements are crucial for various high-tech applications, including:- *Electronics*: Phones, laptops, and other devices- *Renewable Energy*: Solar panels and wind turbines- *Defense Systems*: Missiles, satellites, and other military equipment- *Electric Vehicles*: Motors and batteriesThe restrictions aim to protect China's national interests and ensure responsible use of strategic resources. This move may lead to:- *Price Instabilities*: Rare earth metal prices spiked by over 12% in spot markets- *Supply Chain Disruptions*: Delays or reduced exports, particularly to US-based companies- *Increased Production Costs*: Higher costs for tech and defense companies, potentially affecting consumersIn response, the US and other countries are exploring alternative supply chains and increasing domestic production of rare earth metals. Other countries with significant reserves include ¹:- *Greenland*: Drawn attention from the US for its potential to diversify supply chains- *Ukraine*: Presents opportunities, despite geopolitical instability- *Australia*: Renewed interest in rare earth exploration projects- *Canada*: Efforts to resume production and reduce reliance on Chinese importsThis development highlights the strategic significance of rare earth metals in modern technologies and the ongoing trade tensions between China and the US ² ³.