The Chinese Ministry of Foreign Affairs building in Beijing on Dec. 1, 2022. Noel Celis/ AFP via Getty ImagesChina’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.
China Imposes New Export Curbs on 10 US Rare Earth, Defense Companies
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