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China limits exports to two US rare earth firms
China has imposed export restrictions on two American companies, "MB Metals" and "USA Rare Earth," both listed on the export control list, to prevent the supply of goods that could be used for commercial or military purposes. This move is part of China's efforts to reduce dependence on the country for rare earth metals. It follows other restrictions China has previously imposed on key magnetic minerals, and it aligns with the G7 nations' efforts to set a cap on rare earth metal imports by 2030.
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