China puts new limits on rare earths, Bloomberg reports

China has unveiled new curbs on its exports of rare earths and other critical materials, citing national security grounds, Bloomberg reports. Overseas exporters of items that use certain rare earths sourced from China will now need an export license, and certain equipment and technology for processing rare earths will also be subject to controls, according to the report, which adds that the new regulations will also apply to a range of new products, including certain lithium-ion batteries, graphite anodes, and synthetic diamonds, with the controls to be enforced from November 8. 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).