- China’s April 2025 export controls on rare earths have made some critical minerals and finished magnets “nearly unobtainable,” snarling supplies for advanced manufacturing and defense.
- About three-quarters of affected U.S. firms are hunting for new sources — 29% are already shifting away from China and 47% are still searching for viable alternatives.
- The uncertainty is depressing corporate investment in China (only 49% plan to invest this year) and experts say U.S. supply issues won’t be solved quickly, likely taking longer than three years.
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