China releases new restriction on rare-earth materials, WSJ reports

China recently released a new restriction on rare-earth materials, requiring global companies selling goods with certain rare-earth materials sourced from China accounting for 0.1% or more of the product’s value to seek permission from Beijing, Amrith Ramkumar and Lingling Wei of The Wall Street Journal. The rule is viewed as an escalation in the U.S.-China trade fight and threatens the supply chain for semiconductors, cars, solar panels, equipment for making chips, and other products. 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).