The Chinese communist government on Monday added ten American firms to its export control list, including rare miner MP Materials Corporation and rare earth magnet manufacturer USA Rare Earth.
Other U.S. companies added to the Chinese export control list included Aveox, Red Cat Holdings, Teal Drones, IMSAR, Jaia Robotics, Ball Aerospace & Technologies Corp, Oshkosh Defense, and L3Harris Maritime Services.
Chinese officials claimed the restrictions were a response to similar U.S. controls on Chinese companies, but the target list made it look like Beijing was attempting to crush President Donald Trump’s initiative to build a domestic rare earth…
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