Japan Urges US Intervention as China's Rare Earth Export Controls Threaten Global Economy

Japan has made an urgent request to the United States for assistance in addressing China's tightening export controls on rare earth elements, particularly yttrium, which is critical for jet engines and semiconductor manufacturing. Japanese officials warn that plummeting inventories and the inability to find alternatives could lead to a systemic crisis for the global economy within months if China does not alter its stance or if allies fail to secure new supplies.