China bans export of key minerals to U.S. as trade frictions escalate

Beijing’s curbs follow latest US limits on Chinese chip sector
Exports of gallium, germanium to US already stalled
Antimony prices surge this year as China stifles exports
Dec 3 (Reuters) – China on Tuesday banned exports to the United States of the critical minerals gallium, germanium and antimony that have widespread military applications, escalating trade tensions the day after Washington’s latest crackdown on China’s chip sector.
The curbs strengthen enforcement of existing limits on critical minerals exports that Beijing began rolling out last year, but apply only to the U.S. market, in the latest escalation of trade tensions between the world’s two largest economies ahead of President-elect Donald Trump taking office next month.

https://www.reuters.com/markets/commodities/china-bans-exports-gallium-germanium-antimony-us-2024-12-03/?utm_source=Sailthru&utm_medium=Newsletter&utm_campaign=Morning-Bid-US&utm_term=120324&lctg=673bc7cc6b322071ca02b339