Deputy Materials reduce the rare lands to China in the Tariff Battle

In response China’s revenge tariffs and export control, MP’s materials with the minus the only rare lands, on Thursday, rare land concentrate will be stopped in China.

The company is said to be preparing for this moment and said that it turned into a long-term vision and a stronger appearance built to endure short-term dislocation.

The company does not sell “critical” materials under 125% of the “critical” materials, nor the American national interest.

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MP is more than 70% of its income from the sale of rare lands, and about half of which are cleaned in California and sold outside in China.

These rare lands consist of 17 metal metal, which consists of 17 metal used to produce magnetic to move from California’s concentrate, electric vehicles, mobile phones and other electronics.

“The MP has invested about $ 1 billion in the United States to restore a total rare land supply chain. Today, almost all materials sold in almost all this material, about all materials sold to markets, including China, South Korea and the United States,” he said.

Their decision comes to the following President Trumps Order to avoid potential new tariffs in all critical mineral imports.

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“They say they trust in close contact with federal leaders and put their trust in the determination to support American Industrial Industry“And they” are proud to lead this voice for our partners, our country and future. “

The MP will report earning in the quarter and will provide more information on May 8.

Reuters contributed to this report.