China's Yttrium Exports to Japan Plunge 98% Amid New Export Controls

Key Facts

China's yttrium oxide exports to Japan fell 98% to 18 tons in the first nine months of 2026. JKN reported that this volume is a massive drop from the 887 tons recorded during the same period last year, following the implementation of strategic export controls by Beijing.

The Chinese Ministry of Commerce stated that the controls are limited to dual-use items intended to prevent military build-up and nuclear armament in Japan. This supply disruption occurs alongside Japanese economic shifts, where industrial production grew 2.2% in September 2026 and the interest rate was held at 1.25% on October 30, 2026.

The market is awaiting China's Balance of Trade and export data scheduled for release on November 10, 2026. Japan is also set to release its Current Account figures on the same day, which may further illustrate the impact of mineral restrictions on high-tech manufacturing supply chains.