China imposes new export controls on US companies in the rare earth sector.

This Monday (22), the China imposed a new export control to companies United States from the sector of rare earthsThe Chinese government announced these measures in retaliation for the recent decision of Washington which restricted exports from American companies to the Asian country. According to information from Reutersa MP Materialsa USA Rare Eartha Aveox and others seven American companies Companies from that segment were included in a list of companies that have links to them. US Armed ForcesTherefore, shipments destined for these organizations must be made under strict government control. According to the decision, shipments to the Aveox, engine manufacturerThe flights originating from the Asian country have already been suspended. MP Materials It was sanctioned for receiving direct support from Pentagon and the company has the only rare earth mine from North American territory. As for USA Rare Earth is one of main US magnet manufacturersThe measure is practically equivalent to a total ban on exports of Chinese products. Previously, only one would have been necessary. export license issued by the Chinese government to approve the shipments. According to a statement from Ministry of Finance from the Asian country, starting today, the Chinese importers They will also be prohibited from purchasing products from 46 American companies. The only exceptions are companies that already have operations in China.

This text was translated by machine from Brazilian Portuguese.