China’s Rare Earth Export Restrictions: A Global Supply Chain Crisis for Permanent Magnets
In April 2025, China imposed sweeping export controls on seven critical rare earth elements (REEs) and permanent magnets, sending shockwaves through global industries reliant on these materials. As the world’s dominant supplier of REEs, China’s move—retaliating against U.S. tariffs—threatens to disrupt supply chains for electric vehicles (EVs), wind turbines, defense systems, and semiconductors. This explainer … Read more