🇨🇳 No more Chinese metals for the West
China’s exports of germanium and gallium fell sharply in August, according to customs data showed on Wednesday, after Beijing imposed new controls on exports of the two metals used for chip production.
China exported no wrought germanium products last month, down from 8.63 metric tons in July, when shipments more than doubled year-on-year, as overseas buyers rushed to lock in shipments ahead of the restrictions.
There were also no exports of wrought gallium products in August. In July, exports were 5.15 tons and 7.67 tons in the same month in 2022, the data showed.
In July, China announced export restrictions on eight gallium and six germanium products, which came into effect on August 1.
This is the latest step in an escalating standoff between Beijing and Washington over access to materials used in the production of high-tech microchips.
Meanwhile, the chart by FT shows just how big a role China plays in the production and processing of rare earth metals.
Follow us on Telegram and Twitter
Conspiracy Daily Update 