Newsweek on Nostr: China strikes back in chips war by banning key material exports to US ========== ...
China strikes back in chips war by banning key material exports to US
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China has banned exports of gallium, germanium, and other high-tech materials essential for advanced manufacturing and military technology; this move, announced by Beijing's Commerce Ministry on December 3, 2024, escalates the economic rivalry with the U.S.; China produces 60% of the world's germanium and 98% of gallium, with the U.S. relying on China for about half its supply; in 2022, China exported 23 metric tons of gallium; the U.S. expanded its 'entity list' to include 140 Chinese companies, citing national security; Lin Jian, a spokesperson for China's Foreign Ministry, criticized U.S. export controls as an abuse of national security; the price of antimony, another restricted mineral, has more than doubled to over $25,000 per ton in 2024; Chinese industry groups warn that U.S. restrictions will harm American companies; the trade standoff reflects a contentious battle over critical resources and technologies.
#China #Us #Trade #Semiconductors #Gallium #Germanium #Economy #Technology #ExportControls #NationalSecurity
https://www.newsweek.com/china-bans-mineral-exports-us-tech-trade-1994713
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China has banned exports of gallium, germanium, and other high-tech materials essential for advanced manufacturing and military technology; this move, announced by Beijing's Commerce Ministry on December 3, 2024, escalates the economic rivalry with the U.S.; China produces 60% of the world's germanium and 98% of gallium, with the U.S. relying on China for about half its supply; in 2022, China exported 23 metric tons of gallium; the U.S. expanded its 'entity list' to include 140 Chinese companies, citing national security; Lin Jian, a spokesperson for China's Foreign Ministry, criticized U.S. export controls as an abuse of national security; the price of antimony, another restricted mineral, has more than doubled to over $25,000 per ton in 2024; Chinese industry groups warn that U.S. restrictions will harm American companies; the trade standoff reflects a contentious battle over critical resources and technologies.
#China #Us #Trade #Semiconductors #Gallium #Germanium #Economy #Technology #ExportControls #NationalSecurity
https://www.newsweek.com/china-bans-mineral-exports-us-tech-trade-1994713