China threatens cold withdrawal of raw materials

by time news

2023-07-05 17:27:09

China restricts raw material exports

The People’s Republic is the world’s largest producer of gallium and germanium. Europe is dependent on the supplies. (Illustration: Midjourney)

Brussels, Düsseldorf, Beijing, Stockholm From August, Chinese manufacturers will need a license to export the industrial metals gallium and germanium. Two niche commodities used in the telecom and defense industries. But above all, they are essential for the production of semiconductors, electric cars and solar modules. And thus for the energy transition.

The move is a reaction to the US attempt to cut off the supply of high-tech semiconductors to the People’s Republic of China. Under pressure from the United States, the Netherlands and Japan recently agreed to export restrictions on machines for semiconductor production.

Former Vice Minister of Commerce Wei Jianguo described the announced export controls as a “well-considered hard blow,” the state-run China Daily reported on Wednesday. If tech sanctions are continued, China will respond with further countermeasures.

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