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China explores rare earth export curbs to target US defense industry

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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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