China's rare earth exports grind to a halt
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This move could significantly impact tech giants including Dell Technologies, HP, Apple, and IBM, along with semiconductor leaders such as Intel, Samsung, and TSMC.
From Network World
China supplies around 90% of the world's rare earth magnets, according to the CRU research house.
From Reuters
President Donald Trump’s announcement of a 90-day pause on all “reciprocal” tariffs prompted a soaring rally in US markets, which helped boost Asian and European markets.
From CNN
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China has imposed new export restrictions on seven medium and heavy rare earth elements—samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium—through a joint directive from the Ministry of Commerce and the General Administration...
China's latest export restrictions on Scandium and Dysprosium threaten to disrupt global supply chains for major tech players, but also emphasize potential weaknesses of its anti-sanctions approach.