China bans export of key minerals to US as trade frictions escalate

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The Star 1d ago

China bans export of key minerals to US as trade frictions escalate - The Star

Quick Summary:

CHINA has banned exports to the United States of items related to the minerals gallium, germanium and antimony that have potential military applications, it said on Tuesday, a day after Washington's latest crackdown on China's chip sector.

Prices of antimony trioxide in Rotterdam had soared by 228% since the beginning of the year to $39,000 a metric ton on Nov.28, data from information provider Argus showed.

Trump, whose first White House term was marked by a bitter trade war with China, has said he will implement 10% tariffs on Chinese goods and threatened 60% tariffs on Chinese imports during his presidential campaign.