China puts Rinehart-backed rare earths producer on export control list (opens original article in a new tab)

China imposed export controls on two US rare earth producers, MP Materials and USA Rare Earth, which are part of efforts to establish alternative supply chains for critical minerals. MP Materials has significant backing from Australian billionaire Gina Rinehart.

• China added MP Materials and USA Rare Earth to its export control list
• MP Materials is backed by Australian billionaire Gina Rinehart
• The move targets US efforts to create alternative supply chains for critical minerals