Nectar GanJun 22, 2026 – 6.21pmChina has imposed export controls on two US rare earth producers that are part of Washington’s effort to establish alternative supply chains for minerals critical to advanced manufacturing and defence.MP Materials, whose largest shareholder is Australian billionaire Gina Rinehart, and USA Rare Earth had been added to China’s export control list, the Commerce Ministry said in a statement on Monday.BloombergSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
China puts Rinehart-backed rare earths producer on export control list
The Australian billionaire is the largest shareholder in MP Materials, a key US miner and processor of rare earths in which the Pentagon holds a stake.
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