Sunday, November 17, 2024

"China targets critical metal exports in anticipation of further US tech, trade curbs"

 From Semafor, November 17:

The News

Beijing will expand export controls on critical minerals like tungsten, graphite, and magnesium needed to make electronics, a move analysts say is in anticipation of expected sweeping US tariffs on Chinese goods and increased curbs on advanced semiconductor chips and AI technology to China following the re-election of US President Donald Trump.

The restrictions also apply to specific technologies that can be used for both civilian and military purposes.

China controls more than 80% of the world’s supply of tungsten and about 90% of global magnesium production, according to one official estimate; the minerals are indispensable in building defense technology, weapons, aviation equipment, and spacecraft....

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