China's export controls on yttrium have triggered a supply crisis in the West, halting U.S. shipments and causing European prices to surge over 4,000%. There are now severe shortages of the element, which is critical for manufacturing jet engines, semiconductors, and energy turbines. The situation exposes the extreme vulnerability of Western industries.

https://www.reuters.com/business/aerospace-defense/new-rare-earth-crisis-is-brewing-yttrium-shortages-spread-2025-11-14/

#economics #geopolitics #technology