From military equipment to EVs, how China's halting of rare earth exports could hurt US

China refines 99 per cent of the world’s rare earth magnets and 99.9 per cent of global dysprosium, critical for defence systems and electric vehicles. The US has only one rare earth mine and no domestic heavy rare earth separation capabilities. New Chinese export controls require licenses for elements like yttrium, dysprosium and terbium, directly impacting the US military and manufacturing sectors

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