Tokyo-based supply-chain risk firm Resilire’s online June survey of 400
decision-makers at manufacturers that buy rare earths and rare-earth materials
found average procurement costs rose 22.3% year-on-year. About 30% of
respondents reported cost increases of 20–29% (the largest share); roughly 20%
reported increases of 10–19%; just over 10% reported increases of 30–39%. Most
firms report limited ability to pass higher input costs to customers: among
firms with rising procurement costs, 4.2% said they can almost fully pass the
increase through to prices, about 10% said they cannot pass costs on at all, and
more than 40% said they can absorb less than half of the added cost when
combining the under-25% and 25–49% pass-through groups.
