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  • 4 days ago
China's new export controls on seven rare earth elements critical to defense and technology could pose a threat to U.S. military readiness, according to CNBC. The U.S. cannot fill a potential supply gap, as no domestic heavy rare earth separation is underway. The restrictions require Chinese firms to obtain special licenses to export elements used in fighter jets, missiles, submarines, and drones. Beijing added 16 U.S. defense-linked entities to its export control list, blocking their access to dual-use goods like rare earth elements.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02China's new export controls on seven rare earth elements critical to defensive technology
00:06could pose a threat to U.S. military readiness, according to CNBC.
00:10U.S. lacks the capacity to fill a potential supply gap as no domestic heavy rare earth
00:14separation is currently underway. The restrictions require Chinese firms to obtain special licenses
00:20to export elements that are used in fighter jets, missiles, submarines, and drones.
00:25Beijing added 16 U.S. defense-linked entities to its export control list,
00:29blocking their access to dual-use goods like rare earth elements.
00:33For all things money, visit Benzinga.com slash GSTV.

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