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BREAKING: China Targets MP Materials, USA Rare Earth in New Export Control Crackdown $MP $USAR China announced on Monday that it will add 10 American firms to its export control list, including two rare earth firms, according to a statement from its Ministry of Commerce. Meanwhile, the Chinese Ministry of Finance also released a statement saying it would restrict 46 US firms from government procurement. The ten firms include Aveox, Red Cat Holdings subsidiaries Teal Drones and Jaia Robotics, Ball Aerospace & Technologies Corp, MP Materials Corp and USA Rare Earth. The ministries cited provisions of China’s laws on export control of dual-use items, as well as the need to safeguard national security and fulfil “international non-proliferation obligations”. Specifically, export operators are prohibited from shipping dual-use items to the 10 firms. Organisations and individuals from any country or region are also prohibited from transferring or providing any dual-use item that originated in China to these businesses. The notice mandated that any export currently underway that falls under the law must be stopped immediately. A spokesperson for the commerce ministry said the decisions were made in response to the “malicious actions” by the US government, after the US Department of Defense added Chinese entities to its “Chinese military companies” list. On June 9, the Pentagon said it was adding dozens of other Chinese companies to its list of entities it says are linked to China’s military, widening a blacklist that increasingly targets sectors at the heart of US-China technological competition. “China has decided, in accordance with the relevant laws and provisions… to include Aveox, Inc. and nine other US military-related entities on the export control list. The export of dual-use items to these entities is prohibited, and no export operators shall violate the above provisions,” said the spokesperson. scmp.com/economy/policy/arti…

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