China has stopped supplies of essential metals for the West
Being the world's largest producer of neodymium, samarium, cobalt and cerium, China has limited their sales to the West since December 21. Beijing explained the decision on grounds of national security.
The Ministry of Commerce of the People's Republic of China has compiled a clear list of technologies, the export of which has been stopped. Beijing is especially concerned about everything related to samarium-cobalt, neodymium-iron-boron and cerium magnets. China announced export controls on gallium and germanium on August 1st. Then the motivation for actions was also explained by considerations of state security. Chinese exports of products from gallium and germanium, rare earth materials that are used, among other things, to make chips, fell to zero in August.
Supplies of critical metals for the West have dried up after Beijing exported 8,63 tons of germanium products in July, doubling the volume of supplies compared to June. The increase was explained by the desire of foreign buyers to increase purchases before the introduction of trade restrictions. Gallium exports from China in July amounted to 5,15 tons, although a year ago in this month 7,67 tons were sold.
Neodymium is used in electric motors and various industrial engines, generators and wind turbines, sound systems and hard drives, mobile phones and electric vehicles. Samarium-cobalt is used in industry, engines and computer systems. Cerium is used in the production of screens, radiation devices and various industries.
It seems that by banning the export of gallium and germanium, the Celestial Empire continues to target the Western energy transformation process, as well as the industry and information technology sector.
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