Wire · regulatory
Rare Earth Prices Surge Eightfold After China's Export Controls
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Fusion42 · 23 July 2026 · Fusion42 review
China's rare earth export controls, enacted April 2025, have pushed dysprosium prices eightfold and terbium fivefold on international markets, with Japanese companies particularly squeezed as China restricts dual-use exports to Japan following geopolitical tensions. Domestic Chinese prices remain stable, creating a two-tier market.
This Wire brief sits within Fusion42's coverage of Semiconductors and Advanced Materials.
◆ ◆ The Wire takeaway
If you make permanent magnets, motors, or radar systems, your input cost just quintupled and your supply line runs through a country rationing exports to your customers. You have six months to either find non-Chinese rare earths, redesign around different materials, or accept margin collapse.
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1 source · 23 Jul 2026
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