China explores rare earth export curbs to target U.S. defense industry: FT


BEIJING: China is looking into curbing the exports of rare earth minerals that are crucial to U.S. defence contractors such as Lockheed Martin Corp for the manufacture of sophisticated weaponry and F-35 fighter jets, the Financial Times reported on Tuesday.

“The government wants to know if the U.S. may have trouble making F-35 fighter jets if China imposes an export ban,” quoting a Chinese government adviser.