China.
Is hitting back with rare earth restrictions. Don’t forget that China is very old civilization they are not doing anything short term - rare earth restrictions have huge impact on chips,defense,air defense components, satellites, communications and more they sre obviously hitting DEEP it’s like when you want to scoope ice cream snd you dig deep with your spoon so you can get most of it.
The rare earth restrictions China just instituted are quite possibly catastrophic in short time supply chains for all Tech, Computing, EV, Defense, Medical Imaging, Telecom, Displays, etc.