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

Supply ChainDysprosium, used in EV motors, up 700% from pre-restriction level in EuropeChina is virtually the sole source of dysprosium and other heavy rare earths. © ReutersSHUGO YAMADAJuly 22, 2026 07:16 JSTTOKYO -- Prices of rare-earth elements used in electric vehicles and other industrial goods are soaring ever higher outside of China, driven by Chinese trade restrictions that have had little impact on the domestic market.