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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China has asked South Korean companies not to export products containing Chinese rare metals to American companies that work for the United States military industry, the Korea Economic Daily reported, citing government sources.
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Total News Sources28
Leaning Left1Leaning Right6Center6Last UpdatedBias Distribution46% Center, 46% Right
Bias Distribution
- 46% of the sources are Center, 46% of the sources lean Right
46% Right
C 46%
R 46%
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