China has restricted trading with several American companies, in a retaliatory move that targets some groups central to US attempts to build a rare earth supply chain to rival Beijing’s.
USA Rare Earth and MP Materials, as well as high-tech motor manufacturer Aveox, were among the 10 American companies added to China’s “entities list”, according to a statement issued by the commerce ministry in Beijing on Monday.
The commerce ministry said the move was in response to the “wrongful” addition of Chinese entities to Washington’s ‘Chinese Military Companies List’ while also safeguarding China’s “national security and interests”.
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