China imposes export controls on two metals used in semiconductors and solar panels – Gist It

China imposes export controls on two metals used in semiconductors and solar panels

Starting from August 1, China will require buyers of two metals used in computer chips and solar panels to apply for export permits.

Driving the news: The metals, gallium and germanium, are used in numerous industries, including semiconductor technology and solar panels, but also have military applications.
* China’s commerce ministry stated the new export controls are to safeguard China’s national interests.
* While the controls are not a ban, NPR reports that China could potentially limit the amount it sells.

Global dominance: China controls a significant portion of the global supply of these metals.
* According to the Critical Raw Minerals Alliance, China produces 60% of the world’s germanium and 80% of the world’s gallium.
* China also dominates supply chains for rare earth minerals used in many high-tech products, as well as the lithium, cobalt, and graphite used in batteries.

Background context: Trade tensions between the U.S. and China have been escalating over the past few years.
* The U.S. has been imposing trade limits to try and reduce China’s access to semiconductor technology.
* Both the White House and the majority of Congress see China’s control over mineral supply chains as an economic competition and a security threat.
* The move by China comes shortly before U.S. Treasury Secretary Janet Yellen’s scheduled visit to China.

View original article on NPR

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July 4, 2023

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