Rare Earth Metals: Overview of Restrictions and Implications to Technology Supply Chain J P M O R G A N North America Equity Research 08 August 2025 Hardware & Networking In the current geopolitical environment marked by rising tensions, much of our focus, as well as that of investors, has been on tariffs, especially those affecting hardware and semiconductors that are vital to the global technology supply chain. In this report, however, we shift our attention to export restrictions impacting the upstream p ...