Rare earth yttrium surges to record as rally approaches 1,500%

Yttrium oxide prices have surged nearly 1,500% this year, reaching US$126/kg, due to China's export curbs on rare earths. This highlights the ongoing trade tensions between China and the US, with China dominating production. Yttrium is used in medical technologies, aerospace, ceramics, lasers, and superconductors. US and Australian companies are expanding production to counter reliance on Chinese imports.