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China To Restrict Gallium And Germanium Exports

US-CHINA

MNI London: The Wall Street Journal has reported that China is set to introduce measures to restrict the export of two critical minerals, gallium and germanium, critical to the production of semiconductors, 5G base stations and solar panels on August 1.

  • WSJ reports that "industry executives" see the move, "as retaliation for restrictions by the U.S. and others on sales of high-end chips and chip-making equipment to China."
  • According to the WSJ, China’s Ministry of Commerce said in a brief statement that measures were designed to “safeguard national security and interest,” adding that "exporters of the two metals will need to apply for licenses and report details of the overseas buyers to the ministry if they want to ship them out of the country."
  • CIA Director William Burns said over that weekend that the US should continue to "sensibly de-risk" from China to protect the US' "technological edge" and offset the risk of dependency on China for critical minerals and technologies."
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