China explores rare earth export curbs to target US defense industry
China is looking into curbing the exports of rare earth minerals that are crucial to US defense contractors such as Lockheed Martin Corp for the manufacture of sophisticated weaponry and F-35 fighter jets, the Financial Times reported on Tuesday.
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“The government wants to know if the US may have trouble making F-35 fighter jets if China imposes an export ban,” the FT report said, quoting a Chinese government adviser.
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