China targets US rare earth miners as Pentagon faces restocking rush

China put two US rare earth miners on its export control list, along with eight technology companies, in response to the US Department of Defence blacklisting Chinese businesses for their alleged ties to the People’s Liberation Army. MP Materials and USA Rare Earth will both be banned from buying Chinese exports with dual civilian and military uses, the Ministry of Commerce said on Monday. Motor maker Aveox and drone companies Red Cat and Teal Drones were among the other companies included in...

By Brian Rhoads,Raymond Ma