Chinese rare-earth companies devise ways to dodge export restrictions, WSJ says

Chinese rare-earth magnet companies are adjusting their magnet formulas to avoid using restricted rare-earth elements and devising other strategies to get magnets out of the country, Jon Emont of The Wall Street Journal reports, citing employees from large Chinese magnet companies and Western firms that buy from them. The strategies and don’t work perfectly, but Chinese companies are determined to find legal ways to maintain exports. 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).