China creates plan to prevent rare-earth materials from U.S. military, WSJ says

China plans to restrict the flow of rare earths and other materials to the U.S. by creating a system that will exclude companies with ties to the U.S. military while fast-tracking export approvals to other companies, Jon Emont and Raffaele Huang of The Wall Street Journal reports. citing people familiar with the matter. The “validated end-user” system would allow China to follow through on Chinese leader Xi Jinping’s pledge to President Trump to facilitate the export of rare-earth materials while preventing them from ending up with U.S. military suppliers, the sources added. The Fly notes that companies involved in the development and mining of rare earth minerals include Nova Minerals (NVA), Ioneer (IONR), Lynas Rare Earths (LYSCF), MP Materials (MP), Energy Fuels (UUUU), NioCorp (NB) and VanEck Vectors Rare Earth/Strategic Metals ETF (REMX).