China has decided to restrict exports of certain metals, which are widely used in semiconductors, electric vehicles and high-tech industries, which are particularly influential in chip manufacturing. The country’s Ministry of Commerce announced that they will control the export of eight gallium products and six germanium products as of August 1 in order to protect their national security and interests.
“We Responded to the USA”
Peter Arkell, President of the China Global Mining Association, spoke to the press after the restriction. Arkell noted that China has effectively responded to American trade restrictions.
Gallium, germanium and other small metals are widely used in the manufacture of wideband-gap semiconductors in communications equipment, solar panels and electric vehicles.
The Asian giant plays an important role in the production of these raw materials. Regions that import gallium and germanium from China include Europe, Japan and the United States.
Prices Started to Increase!
Speaking to the press after the decision, a company executive emphasized the increasing demand in Europe, Japan and the USA. Buyers increased orders amid concerns that it would take up to two months to obtain a license for export. According to the manager, raw material prices reached $1,500 per kg.
The fact that the Jinping government took this decision after the US Secretary of State Blinken’s visit to China confused everyone.
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