China rare earth export curbs have opened up a huge price gap

◆ ◆ The Wire takeaway

If you make magnets, motors, semiconductors or defence electronics, your cost of rare earths just jumped or your supply line just broke - and the gap between what Chinese makers pay and what you pay is now a competitive weapon you can't match. Your customer conversations this week need to map where you get these materials from and what happens when China stops selling.