'Rare Earth Shortages Worsen In US Aerospace, Chips Despite Trade Truce, Sources Say' - Reuters Exclusive
Benzinga Newsdesk 8 months ago
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Aerospace coatings firms ration yttrium due to Chinese export controlsSemiconductor firms run low on scandium; 5G chips at riskTwo aerospace suppliers temporarily pause productionUS President Trump set to visit Beijing
- Aerospace coatings firms ration yttrium due to Chinese export controls
- Semiconductor firms run low on scandium; 5G chips at risk
- Two aerospace suppliers temporarily pause production
- US President Trump set to visit Beijing in March
Suppliers to U.S. aerospace and semiconductor firms face worsening rare earth shortages, with two turning away some clients, industry insiders said, weeks before U.S. President Donald Trump is expected to meet his Chinese counterpart Xi Jinping for a summit in Beijing.
The shortages center on rare earths such as yttrium and scandium, niche members of the family of 17 elements, which play tiny but vital roles in defence technology, aerospace and semiconductors and are almost entirely produced in China.