GE Vernova working with US government to boost stocks of rare earth yttrium

By Laila Kearney and Lewis Jackson

NEW YORK, Dec 10 – Gas turbine maker GE Vernova is working with the U.S. government to increase its stockpiles of ‍the rare earth yttrium, CEO Scott Strazik said on Tuesday, as China’s export controls of the vital element create shortages across energy, aerospace and semiconductors.

GE Vernova – one of only three major makers of gas turbines globally – has yttrium inventories to last the ‌rest of 2025 and into next year, Strazik ‌said, although he did not disclose how long into next year supplies would last.

The company is also investing in alternatives to replace certain rare earths used in production if it became necessary, although there were cost or performance trade-offs in some cases, he added.

“We are very focused on it every ‍day,” Strazik sai