China has recently imposed export controls on seven crucial medium and heavy rare earth elements, encompassing samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium. Given that China supplies roughly 90% of the world's rare earths, this measure is compelling American companies heavily reliant on Chinese rare earths to explore alternative supply chain strategies and intensify efforts in rare earth recycling. This shift promises to have profound impacts on the global rare earth market and supply chain landscape.
