EXCLUSIVE-A new rare earth crisis is brewing as yttrium shortages spread
China's export restrictions on yttrium, a rare earth element, are causing global shortages and price surges, impacting aerospace, energy, and semiconductor industries. Despite a pause in some restrictions, the April controls remain, complicating U.S. access. European yttrium prices have soared 4,400% since January. The U.S. is heavily reliant on Chinese imports, but domestic production is expected to start soon. Companies like Siemens and Mitsubishi are monitoring the situation, while some industries face potential chokepoints.