China asks Korea not to export products using rare earths to US defense firms, paper reports
- China's Ministry of Commerce warned South Korean companies to stop exporting products that use Chinese rare-earth minerals to U.S. Defense firms, threatening potential sanctions against violators.
- This restriction follows China's recent export limits on seven rare-earth minerals amid a trade war with the U.S. That has escalated since April 2.
- The Chinese Ministry of Commerce has threatened penalties if South Korean companies do not cease exports related to the U.S. Military.
- At least two South Korean transformer manufacturers received official notices from China regarding these bans, significantly impacting South Korea's export-dependent economy as over 50% of its rare earth minerals come from China.
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Total News Sources27
Leaning Left1Leaning Right5Center6Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
C 50%
R 42%
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