中国限制，稀土价格涨三倍

Group 1 - China's announcement on April 4 to impose export controls on seven categories of medium and heavy rare earth elements has led to record-high prices for rare earth metals within weeks [1][3] - As of May 1, the price of dysprosium in Europe has doubled since early April, reaching $850 per kilogram (approximately 6180.6 RMB), while the price of terbium surged from $965 per kilogram (approximately 7016.9 RMB) to $3000 per kilogram (approximately 21814.1 RMB) [1][3] - The price increases for rare earth metals are the largest monthly gains and highest prices recorded since May 2015 [1][3] Group 2 - Over 90% of refined rare earth elements globally come from China, highlighting the country's dominance in this sector [3] - The export controls are viewed as a response to the Trump administration's imposition of "reciprocal tariffs" on China [3] - Rare earth metals are critical for manufacturing advanced products such as electric vehicles, wind turbine motors, and aircraft, with the restricted elements classified as rarer medium and heavy rare earths [3] - Analysts indicate that it is challenging to substitute the restricted rare earth materials with those produced in other countries, which could impact the cost of electric motors used in electric vehicles and other products [3]