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

Dysprosium, used in EV motors, up 700% from pre-restriction level in Europe

China is virtually the sole source of dysprosium and other heavy rare earths. © Reuters

TOKYO -- 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.

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