US Aerospace and Semiconductor Industries Face Rare Earth Element Shortages Amid Trade Talks

US aerospace and semiconductor suppliers are experiencing worsening shortages of rare earth elements like yttrium and scandium, critical for defense technology and engine coatings. Despite China's partial resumption of exports after April restrictions, shipments to the US remain limited. Prices for yttrium have surged significantly, leading some manufacturers to ration supplies or pause production. These issues are expected to be discussed during the upcoming summit between US President Trump and Chinese President Xi Jinping in Beijing.