China's Export Restrictions on Strategic Metals: Implications for Global Chipmakers and the EU
China has announced export restrictions on gallium and germanium, two critical metals used in various industries, including semiconductors and solar panels. The move is seen as retaliation against US trade war measures, particularly bans on advanced computer chips and chip-making equipment. The restrictions, justified on national security grounds, will require companies to apply for an export permit starting from August 1. China's dominance in the production and supply of these metals raises concerns about shortages and rising prices globally. The US has criticized China's actions and is seeking to diversify supply chains for critical minerals. The announcement comes as US Treasury Secretary Janet Yellen visits Beijing, further escalating tensions between the two countries.