China imposes export controls on 2 metals used in semiconductors and solar panels | CPT PPP Coverage
Cryptopolytech (CPT) Public Press Pass (PPP)
News of the Day COVERAGE
200000048 – World Newser
•| #World |•| #Online |•| #Media |•| #Outlet |
View more Headlines & Breaking News here, as covered by cryptopolytech.com
China imposes export controls on 2 metals used in semiconductors and solar panels appeared on www.lakeshorepublicmedia.org by Camila Domonoske.
The Chinese government has announced buyers of two metals used in computer chips and solar panels will need to apply for export permits, starting on Aug. 1. The metals, gallium and germanium, are also used in military applications.
The U.S. has been imposing trade limits for several years to try to restrict China’s access to semiconductor technology. In a statement, China’s Commerce Ministry said the new controls on exporting the metals are to safeguard China’s national interests.
“These controls aren’t a ban,” notes NPR’s Emily Feng, reporting from Taipei. “But it’s possible China could reduce the amount it sells as retribution.”
That’s a scenario the U.S. and allied countries have long been worried about — not just for these two fairly obscure metals, but f0r the many minerals produced and processed in China in large quantities.
China produces 60% of the world’s germanium and 80% of the world’s gallium, according to the Critical Raw Minerals Alliance. It 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.
Beijing’s move comes shortly before U.S. Treasury Secretary Janet Yellen is set to visit China. The relationship between the U.S. and China is fraught, to say the least. Trade — particularly as it comes to semiconductors and raw materials — has been a particular point of tension.
Both the White House and an overwhelming majority of Congress see China’s dominance of mineral supply chains as an economic competition and a security threat.
The U.S., citing national security, has imposed its own export limits on semiconductor manufacturing equipment. The Netherlands, under pressure from the U.S., recently did the same.
Copyright 2023 NPR. To see more, visit
FEATURED ‘News of the Day’, as reported by public domain newswires.
View ALL Headlines & Breaking News here.
Source Information (if available)
This article originally appeared on www.lakeshorepublicmedia.org by Camila Domonoske – sharing via newswires in the public domain, repeatedly. News articles have become eerily similar to manufacturer descriptions.
We will happily entertain any content removal requests, simply reach out to us. In the interim, please perform due diligence and place any content you deem “privileged” behind a subscription and/or paywall.
CPT (CryptoPolyTech) PPP (Public Press Pass) Coverage features stories and headlines you may not otherwise see due to the manipulation of mass media.
First to share? If share image does not populate, please close the share box & re-open or reload page to load the image, Thanks!