Overview

• China added Holmium, Erbium, Thulium, Europium and Ytterbium to its controlled list and broadened curbs to technologies for extraction, processing, recycling and magnet production.
• New rules introduce extraterritorial-style licensing that can require a Chinese export permit for third-country shipments containing Chinese rare earths or made with Chinese technology, with reports citing a 0.1% content threshold.
• Applications linked to foreign militaries will generally be denied, and maintenance, repair and upgrades of relevant production lines now fall under tighter controls.
• President Donald Trump announced additional 100% tariffs on Chinese imports to take effect no later than November 1 and signaled new U.S. export restrictions on “critical software,” after questioning a planned APEC meeting with Xi Jinping.
• Stocks fell and safe-haven buying picked up as European industry flagged ongoing supply disruptions, including approval bottlenecks where only 19 of 141 rare‑earth export applications were cleared.