China ramps up crackdown on strategic mineral smugglers, vows stronger export controls

China ramps up crackdown on strategic mineral smugglers, vows stronger export controls

A number of suspects involved in strategic mineral smuggling had been arrested, Chinese authorities said on Saturday, while pledging stronger enforcement of export controls to prevent illegal shipments and technology transfers for military use. The Ministry of Commerce statement came during a high-level export-control meeting in Nanning, capital of Guangxi Zhuang autonomous region – an…

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China

China’s Export Ban Sends Antimony Prices Soaring 40% in One Day

Antimony prices soared 40% on Wednesday after China on Tuesday banned exports to the United States of several critical minerals. China enforced the existing limits on antimony, gallium, and germanium – critical minerals that have widespread military applications ahead of President-elect Donald Trump taking office next month. “In principle, the export of gallium, germanium, antimony,…

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