中美连谈90分钟，特朗普单独提到稀土问题，希望中方能够手下留情

Core Insights - The article discusses the critical role of rare earth elements in various industries, including electronics, electric vehicles, and defense, highlighting their importance in enhancing product performance and capabilities [1][3][5] - The U.S. heavily relies on China for rare earth supplies, with approximately 80% of its imports coming from China, and 90% of global refining capacity concentrated in China [3][6] - Recent export controls by China on certain rare earth elements have created significant challenges for U.S. industries, particularly in defense and electric vehicles, leading to production delays and supply chain disruptions [5][6][9] Industry Impact - The U.S. military-industrial complex is particularly vulnerable, with advanced weapon systems like the F-35 relying on rare earth materials sourced predominantly from China, risking production halts if supplies are cut off [3][5] - The electric vehicle sector, exemplified by companies like Tesla, faces production plan adjustments and delivery delays due to rare earth supply constraints, impacting market reputation and industry growth [5][6] - The semiconductor industry is also affected, as rare earth elements are crucial for enhancing chip performance and manufacturing precision, leading to material shortages and hindering technological advancements [5][6] Market Dynamics - Following China's export restrictions, international rare earth prices have experienced significant volatility, with prices for dysprosium and terbium skyrocketing, raising production costs for downstream companies and prompting a reevaluation of supply chain security [8][9] - The ongoing U.S.-China tensions over rare earth supplies may lead to further instability in global markets, affecting related industries and prompting countries to reassess their own rare earth supply chains [9] Future Outlook - The article suggests that the U.S.-China competition over rare earths will continue, with potential for cooperation if the U.S. adopts a more respectful and collaborative approach, while ongoing confrontations could exacerbate uncertainties in both nations' industries [9]