Core Viewpoint - The price of yttrium oxide has skyrocketed this year, with a dramatic increase from $6 per kilogram at the beginning of the year to between $220 and $320 per kilogram by the end of November, marking a rise of up to 50 times within a year [2][19]. Group 1: Price Surge and Market Dynamics - Yttrium oxide prices surged from $6 per kilogram at the start of the year to $11 by mid-June, and then to between $220 and $320 by November [2][19]. - The global yttrium oxide market is projected to reach approximately $4.13 billion in 2024, with an expected growth to $7.09 billion by 2033, reflecting a compound annual growth rate of 6.2% from 2025 to 2033 [17]. - Over 90% of yttrium oxide in the U.S. is imported, raising concerns about supply chain vulnerabilities due to reliance on foreign sources [2][19]. Group 2: Supply Constraints - China, as the largest producer of yttrium oxide, accounts for over 93% of global production, and recent export controls have significantly reduced supply, with exports dropping by 78% in the first half of the year [19][24]. - The U.S. has been heavily reliant on Chinese imports, with over 90% of its yttrium oxide sourced from China, and Europe does not produce yttrium oxide [19][24]. - The shortage of yttrium oxide is causing significant concern in critical sectors such as aerospace and semiconductor manufacturing, with industry insiders rating the severity of the shortage as 9 out of 10 [22][24]. Group 3: Strategic Responses - In response to the yttrium shortage, the U.S. Department of Defense has invested in MP Materials, the largest rare earth producer in the U.S., to increase yttrium extraction and secure supply [29][33]. - The U.S. is also implementing a strategic mineral reserve procurement plan worth up to $1 billion to ensure access to critical minerals, including yttrium [33][34]. - Despite these efforts, the U.S. is unlikely to achieve self-sufficiency in yttrium production in the short term, as domestic production capacity remains insufficient to meet demand [38][40].
1年涨价50倍：稀土钇，卡了美国的脖子？
3 6 Ke·2025-12-17 08:02