Rare Earth Shares Jump After China Bans Military-Use Exports to Japan

China's ban on military-use exports to Japan has led to a surge in rare earth shares across Asia-Pacific. Toyo Engineering Corp. rose 20%, while Daiichi Kigenso Kagaku-Kogyo Co. jumped 27%. In Australia, Lynas Rare Earths Ltd. climbed 16%. The move raises concerns about supply bottlenecks, potentially benefiting rare earth manufacturers as Japanese companies may diversify supply chains away from China. However, Japanese manufacturers like Toyota Motor Corp. fell due to worries over costlier supply chains. China's export controls affect over 800 items, prompting caution in various sectors.