If the export halt extends beyond two months, industry insiders warn that stockpiles could start running dry, triggering major delays in production for everything from electric vehicles to guided weapons systems.
China’s ports jammed as exporters await new license approvals
Across Chinese ports, confusion and delays are mounting. Exporters that hadn’t cleared customs before April 4 have seen their cargo locked down. Some have declared force majeure to avoid penalties on missed deliveries.
Customs enforcement is inconsistent. Some ports allow limited exports if the products aren’t bound for the U.S. or contain only trace amounts of restricted elements. Others demand lab testing before approving any shipment.
The result is growing uncertainty. Dysprosium oxide, one of the key metals affected, now sells for $204 per kilogram in Shanghai, with prices rising faster on international markets.