Rare-earth prices triple to new records on China export curbs

Trade war with US squeezes supply of key materials for EVs and more

20250502N rare earth ore

China is the world's leading producer of such heavy rare-earth metals as dysprosium. © Reuters

SHUGO YAMADA

TOKYO -- Prices of rare-earth metals have reached record highs in the weeks since China clamped down on exports of the key materials used in electric vehicles, wind turbines and other items amid a tit-for-tat trade war with the U.S.

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