In response to national security concerns and escalating tensions with the US, China has banned the export of critical minerals, including gallium, germanium, antimony, and superhard substances, to the US. This decision follows the Biden administration's restrictions on semiconductor and chip industry exports, adding 140 Chinese companies to the export control list.
China has announced an immediate ban on exports to the US of key minerals such as gallium, germanium, antimony, and superhard substances. This move comes amidst escalating tensions between the two nations and is in response to national security concerns. The new regulations target ‘dual-use' materials which can be utilized for military purposes. In addition, China will impose stricter reviews on graphite shipments to the US.
These measures were introduced following the Biden administration's announcement of tightened restrictions on semiconductor and chip industry exports, adding 140 Chinese companies to the list of those subject to export controls. The ultimate aim of the US action is to prevent China from using US technology to produce advanced semiconductors domestically. China had already initiated restrictions on critical mineral exports last year. In 2022, the US was entirely reliant on imports for gallium, half of its germanium needs, and 83% of its antimony imports, all sourced primarily from China. Germanium and gallium are crucial for semiconductors, solar cells, and infrared technology, while antimony is used in batteries and weapons. The latest actions by both countries could significantly impact US GDP, with a complete ban on germanium and gallium potentially leading to a $3.4 billion decrease in GDP. Prices for gallium and germanium could rise by more than 150% and 26%, respectively, in such a scenario
China US Mineral Exports National Security Semiconductors Export Controls
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