Berliner Boersenzeitung - China imposes export curbs on critical metals, drones

EUR -
AED 4.062918
AFN 75.940075
ALL 98.860149
AMD 428.327339
ANG 1.997395
AOA 1055.829142
ARS 1072.707507
AUD 1.607738
AWG 1.991095
AZN 1.87717
BAM 1.955118
BBD 2.237698
BDT 132.443795
BGN 1.955012
BHD 0.416977
BIF 3225.029129
BMD 1.106164
BND 1.427038
BOB 7.658328
BRL 6.001496
BSD 1.108253
BTN 92.888556
BWP 14.468168
BYN 3.626838
BYR 21680.816349
BZD 2.2339
CAD 1.491961
CDF 3171.927351
CHF 0.935793
CLF 0.036249
CLP 1000.226749
CNY 7.780984
CNH 7.768043
COP 4669.417328
CRC 574.465833
CUC 1.106164
CUP 29.313349
CVE 110.226546
CZK 25.288057
DJF 197.350447
DKK 7.45871
DOP 66.963007
DZD 146.675063
EGP 53.406928
ERN 16.592461
ETB 131.290576
FJD 2.42482
FKP 0.842409
GBP 0.833473
GEL 3.014308
GGP 0.842409
GHS 17.533883
GIP 0.842409
GMD 76.875411
GNF 9569.229102
GTQ 8.566547
GYD 231.769144
HKD 8.592362
HNL 27.557891
HRK 7.520822
HTG 146.232375
HUF 397.942582
IDR 16894.388983
ILS 4.165808
IMP 0.842409
INR 92.912589
IQD 1451.893487
IRR 46555.684155
ISK 149.883645
JEP 0.842409
JMD 174.449678
JOD 0.783938
JPY 159.011642
KES 142.971404
KGS 93.184704
KHR 4509.223073
KMF 492.18728
KPW 995.547062
KRW 1459.691477
KWD 0.338066
KYD 0.923578
KZT 533.27396
LAK 24157.262081
LBP 99244.094185
LKR 327.048165
LRD 214.443557
LSL 19.177869
LTL 3.266216
LVL 0.669108
LYD 5.246885
MAD 10.819226
MDL 19.344202
MGA 5071.955468
MKD 61.588514
MMK 3592.777846
MNT 3758.74556
MOP 8.874304
MRU 43.844128
MUR 51.159767
MVR 16.99099
MWK 1921.525423
MXN 21.739576
MYR 4.60773
MZN 70.661506
NAD 19.177696
NGN 1847.963794
NIO 40.783928
NOK 11.736628
NPR 148.62209
NZD 1.759517
OMR 0.425884
PAB 1.108313
PEN 4.108267
PGK 4.346287
PHP 62.201831
PKR 307.678773
PLN 4.286595
PYG 8636.518574
QAR 4.039791
RON 4.976406
RSD 117.032233
RUB 105.470442
RWF 1512.790186
SAR 4.150119
SBD 9.172936
SCR 14.562705
SDG 665.35566
SEK 11.370903
SGD 1.425055
SHP 0.842409
SLE 25.272866
SLL 23195.702395
SOS 633.344695
SRD 33.9548
STD 22895.363522
SVC 9.697617
SYP 2779.270414
SZL 19.182268
THB 36.146679
TJS 11.803582
TMT 3.871574
TND 3.372124
TOP 2.590745
TRY 37.866707
TTD 7.517902
TWD 35.21806
TZS 3014.297209
UAH 45.787543
UGX 4065.581666
USD 1.106164
UYU 46.071428
UZS 14120.074018
VEF 4007137.561942
VES 40.787346
VND 27289.068333
VUV 131.326024
WST 3.094453
XAF 655.692687
XAG 0.035559
XAU 0.000418
XCD 2.989463
XDR 0.81787
XOF 655.692687
XPF 119.331742
YER 276.900564
ZAR 19.241547
ZMK 9956.801619
ZMW 29.064284
ZWL 356.184389
  • CMSC

    0.0500

    24.77

    +0.2%

  • BCC

    0.4100

    141.39

    +0.29%

  • CMSD

    0.1600

    24.94

    +0.64%

  • RELX

    -0.1200

    47.34

    -0.25%

  • SCS

    -0.2900

    13.2

    -2.2%

  • RIO

    -0.0100

    71.16

    -0.01%

  • RYCEF

    0.1000

    7.03

    +1.42%

  • RBGPF

    59.5000

    59.5

    +100%

  • JRI

    -0.1400

    13.53

    -1.03%

  • GSK

    -0.5800

    40.3

    -1.44%

  • VOD

    -0.0700

    9.95

    -0.7%

  • NGG

    0.3800

    70.05

    +0.54%

  • BP

    0.7000

    32.09

    +2.18%

  • BTI

    -0.1300

    36.45

    -0.36%

  • AZN

    0.7600

    78.67

    +0.97%

  • BCE

    0.0300

    34.83

    +0.09%

China imposes export curbs on critical metals, drones
China imposes export curbs on critical metals, drones / Photo: STR - AFP

China imposes export curbs on critical metals, drones

Chinese controls on exports of two metals critical to making semiconductors came into force on Tuesday, a day after Beijing imposed curbs on the foreign sales of some drones.

Text size:

The Biden administration has in recent months stepped up measures to restrict Chinese companies' access to the most advanced semiconductors.

China, which seeks to become self-sufficient in semiconductor design, says those measures are aimed at maintaining US supremacy in the field.

From Tuesday, Chinese companies seeking to export gallium or germanium will need to obtain a licence, according to a directive from the Ministry of Commerce.

Under the new rules, they will also need to provide information on the final recipient and give details about their end use.

China accounts for 94 percent of the world's production of gallium -- used in integrated circuits, LEDs and photovoltaic panels -- according to a report by the European Union published this year.

For germanium, essential for fibre optics and infrared, China makes up 83 percent of production.

The export curbs "send a clear signal that China holds all of the power in this dangerous game", analyst James Kennedy told AFP, calling the curbs "an unambiguous message" to the United States.

"If the US chooses further escalation, China's next response will have consequences."

For now, he said, China "aims to cause a minimum of damage" to the United States, because their needs in gallium and germanium are "low" and the metals can be acquired elsewhere.

The measures come as the Biden administration mulls fresh curbs on Chinese access to high-tech chips, as well as on outbound US investments in China.

- Drone export ban -

They also follow curbs by Beijing on the exports of certain types of unmanned aerial vehicles, also known as drones.

As of September 1, exporters will require a licence laying out their end use as well as other details before they can be sold overseas.

A China commerce ministry spokesperson said the move was not aimed at "any specific country or territory".

But they did cite the risk of drones "being converted for military use" in justifying the restrictions.

China is a major exporter of drones, with the US-blacklisted DJI representing more than 70 percent of global market share, according to CNBC.

The company's drones are reported to have been used extensively by both sides in the war in Ukraine.

In April 2022, DJI said it was temporarily suspending business in both Russia and Ukraine while it "internally reassess(ed) compliance requirements".

The United States has accused China of mulling arms shipments to support Russia's campaign -- claims Beijing has strongly denied.

A US intelligence report last week said Beijing likely supplied Moscow with dual-use civilian-military equipment employed in Ukraine, but noted that it is "difficult to ascertain the extent to which (China) has helped Russia evade and circumvent sanctions and export controls".

(H.Schneide--BBZ)