In Tokyo, Toyo Engineering Corp, which makes technology to recover rare earths from the seabed, jumped 20%. Australian miner Lynas Rare Earths Ltd was also up as much as 16%, the most since July, with metal producer Australian Strategic Materials Ltd climbing almost 10%. Rare earths are essential for making magnets and the elements are used in electric vehicles, robots and some defence-related technology. China’s latest export controls extend beyond rare earths to cover more than 800 items from chemicals to sensors. “It looks like Japan-China tensions are set to continue and I see that suppressing Japanese stocks’ upside for a while.”

Source: The Edge Markets January 07, 2026 07:07 UTC