In response to the United States' "reciprocal tariffs" this month, China has announced export controls on rare earth elements, prompting widespread concern among automakers across multiple nations regarding potential disruptions to future production. The seven restricted rare earth elements, including dysprosium, terbium, and samarium, are predominantly utilized in the manufacture of high-performance magnets, which are indispensable for military applications, as well as the rotors, engines, and transmissions of electric and hybrid vehicles.
