# China blacklists MP Materials and USA Rare Earth
> Beijing adds 10 US firms to its export-control list, tightening a licensing regime that already throttled magnet supply chains

**Meta:** type: story · date: 2026-06-22 · heads: Who Decides, The Long Game · 4 takes · 4 lenses · 3 regions

## Summary

On 22 June 2026, [China](/en/entity/china)'s Ministry of Commerce added 10 US companies — including
US-backed producers MP Materials and USA Rare Earth and eight military-linked entities —
to its export-control list, retaliating for fresh US restrictions on Chinese firms. The
listing limits what the named firms can receive from China rather than directly cutting
their sales, making it largely symbolic for now. It extends a 2025 regime that imposed
licensing on seven rare earths and magnets, cutting Chinese magnet exports by roughly
three-quarters and forcing some carmakers to idle lines. The US Defense Department has
finalised a $400m MP Materials price-floor partnership.

## Why it matters

China mines over 60% and refines over 80% of rare earths and makes ~90% of
high-performance magnets, giving it chokepoint leverage over autos, defence, chips and
renewables — the same bifurcation playing out in [Washington cleared the H200 for China; Beijing won't let anyone buy it](/en/n/h200-china-export-standoff).

## Regional takes (batched by bias / lens)

### markets
- **Bloomberg** (US, en) — Reports the listing as mostly symbolic since both firms say they have already cut Chinese equipment and material inputs.
  > "The curbs are mostly symbolic, as both firms say they have largely cut off Chinese supplies."
  Source: https://www.bloomberg.com/news/articles/2026-06-22/china-places-two-us-rare-earths-producers-on-export-control-list

### geopolitical
- **Al Jazeera** (Qatar, en) — Frames the action as tit-for-tat escalation tied to Washington expanding its own military-linked entity list earlier in June.
  > "China added 10 US companies to its export control list in retaliation."
  Source: https://www.aljazeera.com/news/2026/6/22/china-adds-10-us-firms-including-rare-earth-miner-to-export-control-list

### dual-use security
- **The Tribune** (India, en) — Emphasises the dual-use military framing and the vulnerability of automakers and defence contractors to Chinese licensing.
  > "China bans dual-use exports to MP Materials and USA Rare Earth over military links."
  Source: https://www.tribuneindia.com/news/business/china-bans-dual-use-exports-to-mp-materials-usa-rare-earth-and-8-other-us-firms-over-military-links/

### contrarian markets
- **The Motley Fool** (US, en) — Argues counterintuitively that the ban boosted the targeted US miners' shares by validating their China-independent positioning.
  > "Why China's ban gave a boost to MP Materials and USA Rare Earth."
  Source: https://www.fool.com/investing/2026/06/23/why-chinas-ban-gave-a-boost-to-mp-materials-and-us/

## Across the graph
- Related: [[h200-china-export-standoff]]
- Entities: China, United States, Rare Earth Magnets, Mp Materials

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Canonical: https://rbtfl.xyz/en/n/china-rare-earth-controls