China’s Commerce Ministry announced on Monday new export restrictions on 10 U.S. rare earth and defense companies after the Pentagon flagged several Chinese companies it believed were aiding the Chinese military.
The companies targeted by the export controls include rare-earth miners MP Materials Corp and USA Rare Earth, motor manufacturer Aveox, and defense technology companies Red Cat Holdings and its subsidiary Teal Drones.
Other companies affected are defense technology company IMSAR LLC, ocean technology company Jaia Robotics, spacecraft manufacturer Ball Aerospace & Technologies Corp, military equipment maker Oshkosh Defense, and L3 Harris Maritime Services.
The Chinese Commerce Ministry said entities and individuals in any country or region are prohibited from exporting or supplying dual-use items originating from China to those companies, and that “any ongoing related export activities must be immediately ceased.”…
China Imposes New Export Curbs on 10 US Rare Earth, Defense Companies
