by Reuters
Korean companies that make power transformers, batteries, displays, electric vehicles, aerospace, and medical equipment, were asked not to export rare earths to key U.S. businesses or the military.
Beijing recently asked South Korean companies not to export products containing China's rare earth minerals to US defense firms, the Korea Economic Daily reported on Tuesday, citing government and company sources.
The report said China's commerce ministry delivered the message in letters to Korean companies which make power transformers, batteries, displays, electric vehicles, aerospace, and medical equipment, all of which use the key materials.
The letters said Korean companies could face sanctions if they violate the export restrictions, the report said.
Reuters
Source: https://www.jpost.com/breaking-news/article-851053
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