Why tiny magnets could be China’s destructive new trade-war weapon against US
5 years, 7 months ago

Why tiny magnets could be China’s destructive new trade-war weapon against US

Live Mint  

Shanghai: Rare earths are getting a lot of attention as a potential weapon China can wield in its deepening confrontation with the US. A block on shipments of rare earth metals and alloys to the US is “manageable if ex-China processing gets built out swiftly,” Citigroup Inc. analysts including Oliver Nugent wrote in a report. “The impact gets much more serious were a ban to extend into rare earth fabricated products -- especially magnets and motors, or through third-party suppliers.” As well as rare earths mining and processing, China dominates global magnet supply and exported a total $1.7 billion last year, Citigroup said. While the US imported about $395 million, including $257 million from China, that masks the potential economic hurt to downstream industries as magnets used in miniature motors perform essential functions in automobiles, wind turbines, and many home appliances. “The industrial value add at risk if this supply chain gets disrupted is tough to quantify but likely runs multiples higher,” Citigroup said.

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History of this topic

China’s Mineral Export Ban Strikes at the US Defense Industrial Base
3 hours, 5 minutes ago

China’s Mineral Export Ban Strikes at the US Defense Industrial Base

The Diplomat  

On December 3, China’s Ministry of Commerce announced that “the export of dual-use items such as gallium, germanium, antimony, and superhard materials to the United States will not be permitted.” This announcement likely means that over 20 mineral items – encompassing both metals and chemicals – are banned from being exported from China to the United States. Critically, China – …

China bans rare mineral exports to the U.S.
1 month ago

China bans rare mineral exports to the U.S.

NPR  

China bans rare mineral exports to the U.S. NPR's Ayesha Rascoe talks to Abigail Hunter of the nonpartisan organization SAFE about the Chinese government's recent ban on exports of rare minerals to the U.S. AYESHA RASCOE, HOST: Gallium, germanium, antimony - those are the minerals China says it's banning from export to the U.S. Those, along with what are called …

China’s ban on key high-tech materials could have broad impact on industries, economy
1 month ago

China’s ban on key high-tech materials could have broad impact on industries, economy

Associated Press  

BANGKOK — China has banned exports of key materials used to make a wide range of products, including smartphones, electric vehicles, radar systems and CT scanners, swiping back at Washington after it expanded export controls to include dozens of Chinese companies that make equipment used to produce advanced computer chips. China has banned, in principle, exports to the United States …

China fights back against US' new chip restrictions, blocks export of key minerals needed in chipmaking
1 month ago

China fights back against US' new chip restrictions, blocks export of key minerals needed in chipmaking

Firstpost  

Chinese Ministry of Commerce announced the restrictions, effective immediately, targeting gallium, germanium, antimony, and other key materials. It accused Washington of weaponising trade under the guise of national security China’s decision to block mineral shipments highlights its willingness to leverage its dominance in critical resources, as the country produces 98 per cent of the world’s gallium and 60 per cent …

Tech wars: Why has China banned exports of rare minerals to US?
1 month ago

Tech wars: Why has China banned exports of rare minerals to US?

Al Jazeera  

The two countries have imposed tit-for-tat export restrictions for months to hamper technological and AI development. Beijing’s announcement on Tuesday came just one day after the US ramped up restrictions on the export of advanced chips to China, which affects the country’s ability to develop advanced weapons systems and artificial intelligence. Washington’s ban also added 140 companies to its “entity …

China tightens curbs on exports of materials with chip-making applications to US
1 month ago

China tightens curbs on exports of materials with chip-making applications to US

Live Mint  

China will strengthen controls on U.S.-bound exports of some materials that are used in chip making and can have military applications, a move that comes amid rising trade tensions between the two countries. The Chinese Ministry of Commerce said Tuesday that it will ban exports of so-called dual-use materials to the U.S. for military purposes. A ministry spokesperson said the …

China bans exports to US of gallium, germanium, antimony in response to chip sanctions
1 month ago

China bans exports to US of gallium, germanium, antimony in response to chip sanctions

Associated Press  

BANGKOK — China announced Tuesday it is banning exports to the United States of gallium, germanium, antimony and other key high-tech materials with potential military applications, as a general principle, lashing back at U.S. limits on semiconductor-related exports. “China has lodged stern protests with the U.S. for its update of the semiconductor export control measures, sanctions against Chinese companies, and …

China hits back against US chip crackdown
1 month, 1 week ago

China hits back against US chip crackdown

Al Jazeera  

Beijing bans exports of critical minerals to US, and several industry groups tell companies to avoid US chips. China has banned exports to the United States of the critical minerals gallium, germanium and antimony, which have widespread military applications, escalating trade tensions the day after Washington’s latest crackdown on China’s chip sector. “China has been signalling for some time that …

China bans exports of minerals with high-tech use to U.S.
1 month, 1 week ago

China bans exports of minerals with high-tech use to U.S.

LA Times  

Chinese Commerce Minister Wang Wentao speaks at a press conference on the sideline of the National People’s Congress in Beijing. “China has lodged stern protests with the U.S. for its update of the semiconductor export control measures, sanctions against Chinese companies, and malicious suppression of China’s technological progress,” Lin Jian, a Chinese Foreign Ministry spokesperson, said in a routine briefing …

Alarmed China over Trump victory plans to choke chip industry
1 month, 3 weeks ago

Alarmed China over Trump victory plans to choke chip industry

Firstpost  

As China dominates the supply of minerals needed to manufacture chips, it is expected to choke supplies in case Donald Trump ramps up the US-China trade war after assuming office in January Semiconductor chips are seen on a printed circuit board in this illustration picture taken 17 February, 2023. How China uses control of supply chains in trade war China …

Rare earths to see high-quality development
4 months, 2 weeks ago

Rare earths to see high-quality development

China Daily  

Visitors check out rare-earth material samples during an international mineral cooperation forum in Nanning, Guangxi Zhuang autonomous region, in May 2023. China's efforts to promote high-quality development of the rare-earth metals and minerals sector will offer strong impetus to the industry's green and standardized development amid growing demand for crucial raw materials from emerging areas like new energy vehicles, said …

China issues regulations on rare earth administration
6 months, 1 week ago

China issues regulations on rare earth administration

China Daily  

China approved major regulations on the mining, smelting and trade of rare earth, a critical material used to make magnets in electric vehicles and consumer electronics, on Saturday, with an aim of driving the high-quality development of the rare earth industry. The regulation, issued by the State Council, the nation's Cabinet, said that China will encourage and support the research, …

AI helps develop ‘clean magnet’ that could spur green energy production
6 months, 3 weeks ago

AI helps develop ‘clean magnet’ that could spur green energy production

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A British firm has used AI to develop a magnet free of rare …

The Road to China-Free Supply Chains Is Long. Warning: Legless Lizards Ahead.
1 year ago

The Road to China-Free Supply Chains Is Long. Warning: Legless Lizards Ahead.

Live Mint  

Building China-free supply chains is tough. “There’s a massive gap that needs to be filled in," said Rahim Suleman, chief executive of Neo Performance Materials, the Canadian company seeking to make a magnet supply chain outside China. The company has a mining site in eastern Australia, but environmental rules called for it to first move the area’s rare legless lizards …

US companies are finding it hard to avoid China
1 year ago

US companies are finding it hard to avoid China

Live Mint  

HONG KONG—American companies, under heavy pressure to reduce their exposure to China, are increasingly turning to factories in places such as Vietnam, Indonesia and Mexico. Direct U.S. investment into China hit a 20-year low of $8.2 billion last year, according to Rhodium Group, a New York-based research firm. Research by DBS shows that China has significantly increased the amount of …

Business Matters | How does the China-U.S. chip war affect India?
1 year, 5 months ago

Business Matters | How does the China-U.S. chip war affect India?

The Hindu  

In an escalating trade war with the West, particularly the U.S., China brought in export curbs on two metals used in the manufacture of semiconductors and solar panels — germanium, gallium. It’s interesting that media reports have referred to the two metals in the same breath as rare earth elements. China’s recent export curbs on its germanium and gallium output …

Explained | Why is China limiting exports of raw materials?
1 year, 6 months ago

Explained | Why is China limiting exports of raw materials?

The Hindu  

The story so far: On July 3, in what is being seen as the country’s retaliatory move in the ‘chip war’, the Chinese Ministry of Commerce announced that it would implement export controls on items related to gallium and germanium. The U.S. Geological Survey had noted earlier, while talking about low-purity gallium production outside China, that producers have “most likely …

China’s restrictions on chip-making materials are ’just the start’, warns ex min
1 year, 6 months ago

China’s restrictions on chip-making materials are ’just the start’, warns ex min

Live Mint  

China's export control measures of chip-making materials is "just the start" and the country has more sanction measures and tools available, China Daily reported former Vice Commerce Minister Wei Jianguo as saying. " Meanwhile, according to Wall Street Journal, China set export restrictions on two minerals the US says are critical to the production of semiconductors, missile systems and solar …

China’s export curbs a ‘warning’ to US, state media says
1 year, 6 months ago

China’s export curbs a ‘warning’ to US, state media says

Al Jazeera  

State-run Global Times says China will not be ‘passively’ squeezed out of the global semiconductor supply chain. In an editorial published on Tuesday, the Global Times said Washington and its allies have sought to suppress China’s tech sector with no regard for the “potential damage the technological iron curtain may cause to global supply and industrial chains”. “Compared with the …

China restricts exports of high-tech metals ahead of Yellen's visit
1 year, 6 months ago

China restricts exports of high-tech metals ahead of Yellen's visit

The Hindu  

China has imposed export curbs on two metals used in computer chips and solar cells, expanding a squabble with Washington over high-tech trade ahead of U.S. Treasury Secretary Janet Yellen's visit to Beijing. China is the biggest global source of gallium and germanium, which are produced in small amounts but are needed to make computer chips for mobile phones, cars …

China restricts exports of high-tech metals in a slap at Washington ahead of Yellen’s visit
1 year, 6 months ago

China restricts exports of high-tech metals in a slap at Washington ahead of Yellen’s visit

Associated Press  

BEIJING — China has imposed export curbs on two metals used in computer chips and solar cells, expanding a squabble with Washington over high-tech trade ahead of Treasury Secretary Janet Yellen’s visit to Beijing this week. But Beijing has been slow to retaliate, possibly to avoid disrupting China’s fledgling developers of chips, artificial intelligence and other technology. China is the …

China Restricts Exports of Two Minerals Used in High-Performance Chips
1 year, 6 months ago

China Restricts Exports of Two Minerals Used in High-Performance Chips

Live Mint  

China set export restrictions on two minerals the U.S. says are critical to the production of semiconductors, missile systems and solar cells, a show of force ahead of economic talks between two rivals that increasingly set trade rules to achieve technological dominance. “If you don’t send high-end chips to China, China will respond by not sending you the high-performance elements …

China to restrict chip exports as US weighs new curbs
1 year, 6 months ago

China to restrict chip exports as US weighs new curbs

Al Jazeera  

Beijing says restrictions on exports of rare metals intended to ‘preserve security and national interests’. China has announced it will restrict exports of rare metals used to manufacture semiconductors due to national security concerns. Chinese exporters will need approval to send certain gallium and germanium products overseas from August 1 to “preserve security and national interests”, the Ministry of Commerce …

Miners eye 'critical' rare earths market amid doubts about reliability of Chinese supply
3 years, 7 months ago

Miners eye 'critical' rare earths market amid doubts about reliability of Chinese supply

ABC  

A company in the New South Wales Central West is hoping to cash in on the growing rare earths market as countries look to diversify away from Chinese supply. Key points: China dominates the rare earths market but buyers are looking to diversify amid supply chain doubts A CSIRO report found there was a huge economic opportunity for Australia as …

Britain set to stockpile metals for electric cars to beat Chinese threat
3 years, 8 months ago

Britain set to stockpile metals for electric cars to beat Chinese threat

The Telegraph  

Ministers are exploring the creation of a national stockpile of so-called rare earth metals amid rising fears that Britain's efforts to adopt electric cars are at risk from a Chinese stranglehold on supplies. On Wednesday, the International Energy Agency warned Western governments to build up supplies of rare earth elements or face a setback in the fight against climate change. …

Australia eyes rare earth deposits as uncertainty looms over China
5 years, 4 months ago

Australia eyes rare earth deposits as uncertainty looms over China

Deccan Chronicle  

Perth: Australia will step up production of rare earths and other militarily sensitive "tech metals", the country's defence minister said, on Monday, as doubts grow over the reliability of Chinese supplies. "A lot of our defence equipment and capability actually uses rare earths in its production.The key issue for Australia, the US and other allies is the continuity and guarantee …

US China trade war: Beijing has ‘few good options’ to hit back against new tariffs
5 years, 5 months ago

US China trade war: Beijing has ‘few good options’ to hit back against new tariffs

CNN  

New Delhi CNN Business — The trade war is back on. “In terms of directly hitting back at the US, it’s quite difficult to do it without hurting themselves.” Here’s what China could do next. Chinese state media published a commentary two months ago with the words: “Don’t say we didn’t warn you.” “That probably would have a bigger impact …

The rare earths industry can weather any Chinese trade battle. US Politicians should stand down
5 years, 5 months ago

The rare earths industry can weather any Chinese trade battle. US Politicians should stand down

CNN  

Editor’s Note: Eugene Gholz is an associate professor of political science at the University of Notre Dame. Some in the Trump administration generally lean toward protectionism, and in late 2017, the president signed an executive order seeking to “increase activity at all levels of the supply chain, including exploration, mining, concentration, separation, alloying, recycling and reprocessing critical minerals.” And recently, …

Rare earths stocks soar as China pledges to increase its power in the market
5 years, 6 months ago

Rare earths stocks soar as China pledges to increase its power in the market

CNN  

Hong Kong CNN Business — China is preparing to tighten its grip on the supply of a group of minerals the global tech industry can’t live without. Chinese state media reported that the government of Jiangxi province was planning to provide support to China Southern Rare Earth Group — the biggest producer of heavy rare earths — “to increase its …

China’s rare earths exports fall in May; shipments usually volatile
5 years, 6 months ago

China’s rare earths exports fall in May; shipments usually volatile

The Hindu  

Rare earth exports by China, the world's dominant producer, fell 16% in May from a month earlier amid an increased focus on the raw materials due to the Sino-U.S. trade war, although the drop was in line with usual trading. May's exports fell to 3,640 tonnes from 4,329 tonnes in April, but were not far off the 4,264-tonne monthly average …

Inside China's 'capital of rare earths'
5 years, 7 months ago

Inside China's 'capital of rare earths'

Daily Mail  

Chinese state media have shown off the country's 'capital of rare earths' as Beijing threatens to stop exporting the natural resources to the U.S. amid a trade war between the two countries. The northern industrial city 90-minute from Beijing by air is known as the 'capital of rare earths' in China The centre of trade war: Beijing has threatened to …

Rare earth minerals: What you need to know
5 years, 7 months ago

Rare earth minerals: What you need to know

CNN  

Hong Kong CNN Business — As the trade war between the United States and China escalates, Beijing may be preparing to play a new card: its control of rare earth minerals. “China has strategically flooded the global market with rare earths at subsidized prices, driven out competitors, and deterred new market entrants,” the report said. China’s top economic planning agency …

Pentagon plans to cut U.S. reliance on China for 'rare earth' minerals amid trade war fears
5 years, 7 months ago

Pentagon plans to cut U.S. reliance on China for 'rare earth' minerals amid trade war fears

Daily Mail  

The U.S. Defense Department has submitted a report to Congress on rare earth minerals as it looks to reduce American reliance on China, the Pentagon said on Wednesday, amid mounting concern in Washington about Beijing's role as a supplier. 'The department continues to work closely with the president, Congress and the industrial base to mitigate U.S. reliance on China for …

China has more weapons in US tariff war - but do they work?
5 years, 7 months ago

China has more weapons in US tariff war - but do they work?

Associated Press  

BEIJING — Looking for ways to hit back at Washington as a tariff fight escalates, President Xi Jinping and his economy czar visited a Chinese factory that processes rare earths - exotic minerals used in electric cars, mobile phones and other technology. And China’s sway could extend much further into the U.S. technology sector, particularly to Apple and other companies …

China’s latest trade war card isn’t as strong as Beijing thinks
5 years, 7 months ago

China’s latest trade war card isn’t as strong as Beijing thinks

CNN  

Hong Kong CNN — Chinese President Xi Jinping’s actions this week have been rich with symbolism. Global Times, a nationalist tabloid, said Xi’s visit had “offered huge support to the critical industry that has been widely viewed as a form of leverage for China in the trade war with the US.” In a piece last week, the paper went further, …

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