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☆ Mining Deploys Innovative Tech to Find Copper, Other EV Metals
▼ + stars: | 2023-07-20 | by ( Yusuf Khan | ) www.wsj.com time to read: +8 min

By adding bio-surfactants along with the other chemicals during the soaking process, more copper floats to the surface and less is wasted. Locus says its bio-surfactants increase copper yields by 7%, and save energy because less rock needs to be crushed. It is also testing its process on iron ore and tailings waste. Photo: douglas magno/Agence France-Presse/Getty ImagesGroups concerned about the environment frequently talk about mining waste or so-called tailings, mining companies less so. “Long term we need to get more suppliers of these metals, rare earths in particular.”Phoenix finds mine sites where the tailings waste is free from radioactive elements such as thorium and uranium.

Persons: Nico Cuevas, Tesla, Cuevas, ”, Fatih Birol, Urbix, “, ” Cuevas, Luke Sharrett, Gabi Knesel, Knesel, douglas magno, Vale, Nicholas Myers, Myers, Yusuf Khan Organizations: SK, South, Sustainable Business, International Energy Agency, Miners, EV, Bloomberg, “ Mining, BHP, Agence France, Getty Locations: Mexican, Arizona, U.S, Mexico, Mesa, South Korean, China, America, Madagascar, Tanzania, Northern Europe, Solon , Ohio, Brazil, Woburn, Mass, New York, yusuf.khan

☆ A Speedo vs 'outdated swimwear' analogy has officially entered the US-China tech war conversation
▼ + stars: | 2023-07-20 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Xie Feng, the Chinese ambassador to the US, said Washington isn't playing fair in its tech race with China. Restrictions on China are like forcing it to wear outdated swimwear while the US wears Speedos, he said. The tech war between the world's two largest economies has been intensifying. On Wednesday, Xie Feng, the Chinese ambassador to the US, found the most unexpected analogy to the US-China tech competition by comparing American restrictions on China to different types of swimwear. It also wants to slap further export restrictions on AI chips to China, the Wall Street Journal reported on June 27.

Persons: Xie Feng, Washington isn't, Xie, we've, Biden, China's Organizations: Aspen Security, Wall Street, Micron Locations: China, Colorado, Netherlands, Beijing

WASHINGTON, July 17 (Reuters) - U.S. chip company executives met with top Biden administration officials on Monday to discuss China policy, the State Department and sources said, as the most powerful semiconductor lobby group urged a halt to more curbs under consideration. Secretary of State Antony Blinken talked with chip company chief executives about the industry and supply chains after his recent trip to China, a department spokesperson told reporters. The chip industry is keen to protect its profits in China as the Biden administration considers another round of restrictions on chip exports to China. Last year, China accounted for $180 billion in semiconductor purchases, more than a third the worldwide total of $555.9 billion and the largest single market, according to Semiconductor Industry Association (SIA). The Biden administration is considering updating a sweeping set of rules imposed in October to hobble China's chip industry and a new executive order restricting some outbound investment.

Persons: Antony Blinken, Gina Raimondo, Lael Brainard, Jake Sullivan, Biden, Blinken, Matthew Miller, Commerce's Raimondo, Washington, hobble, Pat Gelsinger, David Shepardson, Andrea Shalal, Simon Lewis, Stephen Nellis, Chris Sanders, Susan Heavey, Matthew Lewis, Nick Zieminski Organizations: Biden, State Department, National Economic, National Security, Intel, Qualcomm, Nvidia, Reuters, Semiconductor Industry Association, SIA, Department, White, Commerce Department, Huawei Technology Co, San, Thomson Locations: China, U.S, Washington, San Francisco

The chip industry is keen to protect its profits in China as the Biden administration considers another round of restrictions on chip exports to China. The Biden administration is considering updating a sweeping set of rules imposed in October to hobble China's chip industry and a new executive order restricting some outbound investment. Not every official is expected to meet with every company, the source who spoke on condition of anonymity added. Further rule-tightening by U.S. officials risks "disrupting supply chains, causing significant market uncertainty, and prompting continued escalatory retaliation by China," the industry group said. "The availability of Gaudi2 in China continues Intel’s nearly 40-year history of delivering innovative yet legally-compliant products to this key growth market," Intel said in a statement.

Persons: Antony Blinken, Gina Raimondo, Lael Brainard, Jake Sullivan, Biden, Matthew Miller, chafed, hobble, Blinken, Pat Gelsinger, Raimondo, David Shepardson, Andrea Shalal, Simon Lewis, Stephen Nellis, Susan Heavey, Matthew Lewis, Nick Zieminski Organizations: Biden, National Economic, National Security, Intel, Qualcomm, Nvidia, Semiconductor Industry Association, SIA, Department, Administration, White, Reuters, Commerce Department, U.S, Huawei Technology Co, San, Thomson Locations: China, U.S, Washington, Intel’s, San Francisco

July 17 (Reuters) - The U.S.-based Semiconductor Industry Association trade group on Monday called on the Biden administration to "refrain from further restrictions" on chip sales to China as chief executives from the biggest U.S. semiconductor firms planned to visit Washington this week to press their views on China policy. The statement came as the Biden administration considers updating a sweeping set of rules imposed in October to hobble China's chip industry and a new executive order restricting some outbound investment. Reuters reported last week that the chief executives of Intel Corp (INTC.O) and Qualcomm Inc (QCOM.O) planned to meet with government officials to discuss their views on China policy. The statement also comes after China moved to restrict exports of raw materials such as gallium and germanium that are used in making chips. The industry group said that further rule-tightening by U.S. officials risks "disrupting supply chains, causing significant market uncertainty, and prompting continued escalatory retaliation by China."

Persons: Biden, hobble, Stephen Nellis, Karen Freifeld, Nick Zieminski Organizations: Semiconductor Industry Association, Reuters, Intel Corp, Qualcomm Inc, U.S, Thomson Locations: U.S, China, Washington, San Francisco, New York

☆ Old Cold War tool could help in new era of tension
▼ + stars: | 2023-07-17 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

The United States may soon expand its export controls to cover semiconductors used in artificial intelligence and access to cloud computing. The People’s Republic has responded with tit-for-tat export controls on gallium and germanium, two strategic metals used in chips and other technologies where it has a dominant position. This is what the U.S. and its allies did during the last Cold War, when they established the Coordinating Committee for Multilateral Export Controls (CoCom). The United States’ subsidies for green technologies via its Inflation Reduction Act (IRA) caused tension with its allies. Its premier, Li Qiang, travelled to Germany last month hoping to persuade it not to row in behind the United States.

Persons: Joe Biden, Hung Tran, Li Qiang, –, Biden, Donald Trump, Ron DeSantis, Frances Burwell, Canada –, George Hay, Oliver Taslic, Pranav Kiran Organizations: Reuters, NATO, Soviet, Atlantic Council, Reuters Graphics Reuters, European Union, Multilateral Export Controls, United, Republican, Florida, EU, U.S, U.S . Trade, Technology Council, Twitter, Thomson Locations: Ukraine, China, Republic, U.S, Netherlands, Japan, States, United States, People’s Republic, Germany, Beijing, ’, Russia, Britain, Canada, Australia, South Korea

Investment in the critical minerals pipeline grew by 20% in 2021 and by 30% in 2022, led by lithium, copper and nickel. Although prices of some critical minerals such as copper have eased over the last year due to recession in the "old economy", prices for most critical minerals remain well above historical averages as supply struggles to catch up with demand. Production trends for nickel and cobaltLIMITED DIVERSIFICATIONThere has been only limited success in diversifying the geographical sourcing of critical minerals in recent years, the IEA said. China, which already dominates lithium processing, accounts for half of the world's planned new lithium chemical plants. Moreover, China's move to control exports of gallium and germanium underlines the concentration of supply in a host of smaller, esoteric metals that feed into the critical minerals landscape.

Persons: China's, IRENA, David Evans, Mark Potter Organizations: International Energy Agency, Investment, IEA, International Renewable Energy Agency, Thomson, Reuters Locations: Canada, Australia, China, Indonesia, United States, Europe, South America

☆ China's chip metal export curbs are 'a wake up call' for countries to diversify their supply chains
▼ + stars: | 2023-07-13 | by ( Sheila Chiang | ) www.cnbc.com time to read: +3 min

Luisa Moreno, President of mining company Defense Metals Corp, expects China to further restrict metal exports which could include rare earths. Jakub Porzycki | Nurphoto | Getty ImagesChina's metal export curbs on gallium and germanium could spur some countries to diversify their supply chains away from China. Rare earths are essential for high-tech consumer products like smartphones and military equipment like radar systems. Rare earths make up a group of 17 elements composed of scandium, yttrium, and the lanthanides. China also threatened to stop rare earths exports to the U.S. in 2019.

Persons: Luisa Moreno, Jakub Porzycki, Stewart Randall, Intralink, Randall, Brady Wang, Moreno, Counterpoint's Wang, Intralink's Randall, Ross Berntson Organizations: Defense Metals Corp, Nurphoto, Getty, CNBC, Alliance, Europe Commission, Counterpoint Research, Indium Corporation Locations: China, Shanghai, Europe, Japan

☆ Approximately 10 factories can turn on production for gallium right now, says metals manufacturer
▼ + stars: | 2023-07-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApproximately 10 factories can turn on production for gallium right now, says metals manufacturerRoss Berntson of Indium Corporation discusses China's plans to restrict exports of gallium and germanium.

Persons: Ross Organizations: Corporation

☆ World's biggest gallium buyer says clients stockpiling
▼ + stars: | 2023-07-11 | by ( Ludwig Burger | ) www.reuters.com time to read: +2 min

FRANKFURT, July 11 (Reuters) - China's planned export controls on gallium have caused frantic stockpiling of speciality semiconductor wafers made from the metal, according to the world's largest gallium buyer. Freiberger Compound Materials relies almost entirely on Chinese suppliers for its gallium needs to make wafers that go into mobile phone radio signal amplifiers and optical electronics. Chinese gallium companies have driven most rivals elsewhere out of the market by undercutting them on price over the last decade. Harz said his Chinese suppliers were providing authorities with data needed to obtain export licences. Harz does not believe that China will disrupt gallium trade flows over the next few years because that would quickly damage its own electronics industry.

Persons: There's, Michael Harz, Ludwig Burger, Matt Scuffham, Mark Potter Organizations: Reuters, Japan's Sumitomo Electric, Thomson Locations: FRANKFURT, East Germany, Harz, China, United States

☆ China gallium curbs raise chip questions for future EV models
▼ + stars: | 2023-07-11 | by ( Nick Carey | ) www.reuters.com time to read: +4 min

Gallium is found in trace amounts in zinc ores and in bauxite, and gallium metal is produced when processing bauxite to make aluminium. Transphorm uses ultra thin layers of gallium nitride that are a micron, or one thousandth of a millimetre thick, on its semiconductors. "If you are already banking on gallium nitride and designing it into your platform, then you're in trouble," he said. A source at a Japanese automotive supplier told Reuters the company was weighing up whether to use gallium nitride or silicon carbide for future power semiconductors. "People have to look for other options, but gallium nitride is hard to replace, said the CMI's Neill.

Persons: Umesh Mishra, Mishra, Transphorm, Alastair Neill, Transphorm's Mishra, Neill, Nick Carey, Daniel Leussink, Christina Amann, Zoey Zhang, Matt Scuffham, David Evans Organizations: Alliance, micron, Critical Minerals Institute, Reuters, Infineon, Canada's GaN Systems, Thomson Locations: China, Goleta , California, Tokyo, Berlin, Shanghai

Exports last year were 94 metric tonnes, up 25% on 2021. Last year's exports totaled 44 metric tonnes in both wrought and unwrought form. As of September 2022 the DLA was storing 14 metric tonnes of germanium metal and 6.9 metric tonnes of scrap. An outright ban could be counter-productive, as China found out when it halted exports of rare earths to Japan in 2010. China has no shortage of pressure points to push, from rare earths to cobalt to lithium and even electric vehicle batteries.

Persons: Germany's, Wei Jianguo, Barbara Lewis Organizations: U.S, Chips, Export, United States Geological Survey, Alliance, Defense Logistics Agency, Teck Resources, Agency, Solutions, Democratic, Gecamines, World Trade Organization, China, Toyota, Honda, Audi, Commerce, China Daily, Reuters, Thomson Locations: U.S, China, United States, Teck, NYR.BR, Clarksville, Tennessee, New York, Australia, Europe, Democratic Republic of Congo's, Russia, Japan, Beijing, West

"We're keeping a particularly close eye on the current tensions between the U.S. and China," said Florent Menegaux, chief executive of French tyremaker Michelin. "When we see the impact that the IRA will have (on European companies), I think we haven't talked enough about it at this conference," a senior banker said. "There is a big risk that European companies will shift their investments (from Europe to the United States)." Some say the main concern is the time taken by European Union authorities to respond. "I understand the frustration, but when you look at the details of the extent to which the United States is subsidising its domestic industry, it is not greater than what the Europeans do themselves," Boushey said.

Persons: Jean, Dominique Senard, Ludovic Marin, Florent Menegaux, Menegaux, Christel Bories, Bories, Veronika Grimm, Heather Boushey, Boushey, Mathieu Rosemain, David Holmes Organizations: Renault SA, U.S, French, Michelin, Renault, European Union, Reuters, White House Council, Economic Advisers, Thomson Locations: Japan, Douai, France, PROVENCE, United States, China, Europe, Indonesia, America

☆ The chip wars are heating up. This Chinese stock rose 30% in five days
▼ + stars: | 2023-07-09 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

China is starting to show what sway it has in the semiconductor supply chain, and stocks are only starting to react. About a week ago on July 3 , China's Commerce Ministry announced export restrictions on germanium and gallium would take effect on Aug. 1. WestSummit claims about 20 billion yuan ($2.77 billion) in assets under management. China's latest export curbs follow sweeping U.S. export restrictions in October to limit Chinese businesses' access to advanced semiconductor technology. One of Delta's investments, Shanghai New Vision Microelectronics, raised just over 1 billion yuan in an initial public offering on Shanghai's Star board on June 1.

Persons: Bo Du, Du, WestSummit, Greg Ye, Ye, Wei Jianguo, Wei didn't, Brian Tycangco, Tycangco Organizations: China's Commerce Ministry, . Geological Survey, WestSummit Capital Management, CNBC, Delta Capital, Shanghai New Vision Microelectronics, Shanghai's Star, Stansberry Research, Materials, Earth Holdings Locations: China, Yunnan, U.S, Shenzhen, Shanghai, Washington, Beijing

AIX-EN-PROVENCE, France, July 8 (Reuters) - A "Chinese storm" is looming over Europe's growing electric vehicle (EV) sector, Renault Chairman Jean-Dominique Senard told Reuters on Saturday, as Asia's superpower dominates key raw materials to make batteries for zero emission cars. "When I talk about a Chinese storm, I'm talking about the strong pressure today related to Chinese (electric) vehicle imports into Europe," Senard said. China's export restrictions are escalating a technology war with the United States, potentially causing more disruption to global supply chains. The development of alternative fuels - such as synthetic e-fuels and hydrogen - would be crucial in the event of a sudden shortage of batteries due to a dearth of raw materials, Senard said. Reporting by Mathieu Rosemain; Additional reporting by Gilles Guillaume Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Jean, Dominique Senard, Senard, Mathieu Rosemain, Gilles Guillaume, Mark Potter Organizations: Renault, Reuters, Thomson Locations: PROVENCE, France, China, Europe, United States

Despite talk of U.S.-China economic de-coupling, recent data show a trade relationship that is fundamentally solid, and rebounded in 2022 from five years of turmoil wrought by a trade war and COVID-19 disruptions. Two-way trade hit a record $690 billion last year as U.S. demand for Chinese consumer goods rose and Beijing's demand for U.S. farm products and energy grew. U.S.-China trade had fallen after 2018, when former President Donald Trump imposed tariffs of up to 25% on some $370 billion in Chinese imports, but began to rebound during the COVID recovery of 2021. Reuters Graphics"I think it is important that people realize that business and politics are separate," said Michael Hart, president of the American Chamber of Commerce in China. "The current state of U.S.-China trade and investment is the result of 30 to 40 years' worth of ongoing trade and investment."

Persons: Janet Yellen, Donald Trump, Michael Hart, William Reinsch, America's COVID, Wang Huiyao, Biden, Hart, David Lawder, Joe Cash, Heather Timmons, Jamie Freed Organizations: U.S, Treasury, Reuters, American Chamber of Commerce, Census, Center for Strategic, International Studies, Center for, EV, U.S . Congress, Thomson Locations: WASHINGTON, BEIJING, China, U.S, Washington, Center for China, Beijing, United States, CHINA

Yellen is due to meet with Chinese Vice Premier He Lifeng -- her direct counterpart as China's top economic official -- on Saturday, a U.S. Treasury official said. MARKET REFORMSYellen also took aim at China's planned economy, urging Beijing to return to more market-oriented practices that had underpinned its rapid growth in past years. "A shift toward market reforms would be in China's interests," she told the AmCham event. Yellen dismissed the idea of decoupling the U.S. and Chinese economies, nothing that China's enormous and growing middle-class provided a big market for American goods and services. A Treasury official said the vibrant U.S. business community in China was "a living embodiment that we are not decoupling."

Persons: Yellen, Li, Janet Yellen, Li Qiang, Washington, Liu He, Xi Jinping, Yi Gang, Mark Schiefelbein, Yellen's, Michael Hart, BIDEN, Joe Biden, Xi, Antony Blinken, John Kerry, Andrea Shalal, Joe Cash, David Lawder, Catherine Evans, Heather Timmons, Alistair Bell Organizations: China, . Treasury, U.S, Treasury, American Chamber of Commerce, of, People, REUTERS U.S, Economic Cooperation, Thomson Locations: U.S, BEIJING, China, Beijing, United States, Washington, New Delhi, Asia, San Francisco, Ukraine

[1/4] U.S. Treasury Secretary Janet Yellen meets with representatives of the U.S. business community in China in Beijing, July 7, 2023. REUTERS/Thomas PeterBEIJING, July 7 (Reuters) - U.S. Treasury Secretary Janet Yellen on Friday called for market reforms in China and criticized the world's second-largest economy for its recent "punitive" actions against U.S. companies and new export controls on some critical minerals. MARKET REFORMSYellen also took aim at China's planned economy, urging Beijing to return to more market-oriented practices that had underpinned its rapid growth in past years. "A shift toward market reforms would be in China’s interests," the former top U.S. central banker told the U.S. business executives. Yellen noted that China's enormous and growing middle-class provided a big market for American goods and services, and stressed that Washington's targeted actions against China were based on national security concerns.

Persons: Janet Yellen, Thomas Peter BEIJING, Yellen, Liu He, Xi Jinping, Yi Gang, Premier Li Qiang, Yellen's, Michael Hart, Joe Biden, Xi, Antony Blinken, John Kerry, Washington, Andrea Shalal, Michael Perry, Toby Chopra Organizations: . Treasury, REUTERS, U.S, American Chamber of Commerce, Treasury, Premier, BIDEN, Economic Cooperation, Thomson Locations: China, Beijing, United States, Washington, U.S, TEEING, New Delhi, Asia, San Francisco, Ukraine

On Monday, China imposed curbs on overseas sales of gallium and germanium, elements essential to making semiconductors, which have become a growing source of friction between the world’s top two economies. The move was widely seen as a response to the Biden administration’s ban on advanced chip sales to China, which was announced last October. “I am … concerned about new export controls recently announced by China on two critical minerals used in technologies like semiconductors,” Yellen told a meeting of business people hosted by the American Chamber of Commerce in Beijing. “I’ve been particularly troubled by punitive actions that have been taken against US firms in recent months,” Yellen added. Along with other US officials, Yellen has long signaled the Biden administration’s desire to deepen communication and lower the temperature between the world’s top two economies.

Persons: Hong Kong CNN —, Janet Yellen, Biden, “, Yellen, ”, “ I’ve, ” Yellen, Capvision, Liu He, Yi Gang, Joe Biden’s, Xi Jiping Organizations: Hong Kong CNN, American Chamber of Commerce, Bain & Company, Group, US Treasury, Treasury Department, Biden Locations: Beijing, Hong Kong, China, Shanghai, New York, China’s, United States

☆ Factbox: China's major germanium and gallium producers
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +3 min

China produces around 60% of the world's germanium, or 180 metric tons in 2022, and over 90% of the world's gallium, about 606 tons last year, according to research firm Antaike. YUNNAN GERMANIUM, AN ESTABLISHED PRODUCERHeadquartered in southwest China's Yunnan province, Yunnan Lincang Xinyuan Germanium Industry Co. Ltd. (002428.SZ) extracts germanium from its own germanium mines and germanium-containing lignite coal mines. It has an annual capacity of 47.6 metric tons of germanium ingot, 60 tons of germanium tetrahydride - used to build 5G infrastructure - and 300,000 germanium wafers for solar cells. CHINALCO, A MAJOR GALLIUM PRODUCERState aluminium giant Chinalco has three gallium production plants, one each in central China's Henan and southwestern Guangxi and Guizhou provinces. It has annual production capacity of 200 metric tons of gallium metal and produced 146 metric tons in 2022.

Persons: Duan Xiangdong, Hope, Zhuzhou, Dominique Patton, David Evans Organizations: . Ltd, Aluminum Corporation of China, Zhuhai Fangyuan, Xing'an, Gallium, AXT Inc, Beijing, Thomson Locations: BEIJING, China, YUNNAN, China's Yunnan, Yunnan, China's Henan, Guangxi, Guizhou, Shanghai, Zhuzhou, China's Hunan, Zhuhai, Guangdong, Shanxi, Nanjing, U.S, Beijing

VW, which relies on gallium and germanium for automotive products, said it was "ready to take measures together with its partners if necessary" but did not elaborate. The metals will play a role in future autonomous driving functions, a spokesperson for the German automaker said. Germanium is used in high-speed computer chips, plastics, and in military applications such as night-vision devices, as well as satellite imagery sensors. But if prices rise as restrictions take hold companies would have another reason to shift supply chains. NXP makes some chips for the auto and communications sectors using gallium or germanium.

Persons: Yellen, Janet Yellen, Alastair Neill, Imelda Medina, Liao Chien, Taiwan's TSMC, chipmaker, NXP, Josephine Mason, Matt Scuffham, Catherine Evans Organizations: VW, WIN, Treasury, Beijing Pentagon, Volkswagen, U.S, Critical Minerals, U.S . Defense Department, REUTERS, Capital Securities Corp, WIN Semiconductors, Reuters, Apple, Nvidia, Thomson Locations: Beijing, TAIPEI, China, Puebla, Mexico, Germany, Japan, Taiwan

☆ Factbox-Companies respond to China's curbs on gallium and germanium exports
▼ + stars: | 2023-07-06 | by ( Reuters Staff | ) www.reuters.com time to read: +3 min

REUTERS/Florence Lo/IllustrationFollowing are responses from some companies to the announcement of curbs from Aug. 1 on Chinese gallium and germanium exports. * Dowa Holdings, the world’s top producer of high-purity gallium used in products such as wafers and LEDs, said it was investigating the situation. * A spokesperson for Fujitsu said the company “is currently not active in the semiconductor business, so we are not directly impacted by the export regulations. * Microchip Technology said its initial assessment is that there will not be a material impact. * Stellantis Chief Executive Carlos Tavares said the restrictions on gallium and germanium exports should not push Western companies to “decouple” from China.

Persons: Florence Lo, chipmaker, Carlos Tavares, ” Tavares Organizations: Reuters, REUTERS, Semiconductor, Association of Japan, Dowa Holdings, Fujitsu, Nichia, Sumitomo Chemical, Nasdaq, Semiconductors, Technology, Intel, Infineon, European Union, Navitas Semiconductor Corp Locations: China, United States, U.S

☆ China's chipmaking export curbs 'just a start', Beijing adviser warns before Yellen visit
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +6 min

Shares in some Chinese metals companies rallied for a second session as investors bet that higher prices for gallium and germanium, which Beijing's export restrictions target, could boost revenues. China is the world's biggest producer of rare earths, a group of metals used in EVs and military equipment. Asked about the metals export curbs, Chinese foreign ministry spokesman Wang Wenbin said on Wednesday the government's actions were reasonable and lawful. WARNING SHOTSome larger chip manufacturers view China's export controls on gallium as more of a warning shot about what economic pain the country could inflict. China's germanium ingot was priced at 9,150 yuan per kg on Tuesday, also flat on the day and on the week, Refinitiv data showed.

Persons: Janet Yellen, Wei Jianguo, Wei, Yellen, Biden, China's, Wang Wenbin, Wang, Gecamines, Belgium's Umicore, Xi Jinping, Eikon, Brenda Goh, Amy Lv, Tian, Nick Carey, Muralikumar Anantharaman, Jacqueline Wong, Catherine Evans Organizations: Treasury, Thursday Analysts, Washington, Commerce, China Daily, China Center for International Economic, Independence, Analysts, Micron, Global Times, Union, Benchmark Mineral Intelligence, AMS, Democratic, Shanghai Cooperation Organisation, Shanghai Metal Exchange, Beijing, Thomson Locations: Beijing, China, BEIJING, SHANGHAI, U.S, Japan, Netherlands, United States, Swiss, Teck Resources, North, Democratic Republic of Congo, Russia, Washington, Yunnan, London

☆ Factbox: Companies respond to China's curbs on gallium and germanium exports
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

Following are responses from some companies to the announcement of curbs from Aug. 1 on Chinese gallium and germanium exports. The German automaker said gallium and germanium played a role in future autonomous driving functions. * Taiwan's TSMC (2330.TW), the world's largest contract chipmaker, said it did not expect any direct impact on its production but would continue monitoring the situation. * Microchip Technology (MCHP.O) said its initial assessment is that there will not be a material impact. * Stellantis (STLAM.MI) Chief Executive Carlos Tavares said the restrictions on gallium and germanium exports should not push Western companies to "decouple" from China.

Persons: chipmaker, Carlos Tavares, Tavares, Catherine Evans, Josephine Mason Organizations: Volkswagen, Nasdaq, Intel, Infineon, European Union, Navitas Semiconductor Corp, Thomson Locations: China, United States

☆ Beijing's curbs on niche metal exports threaten China supply glut
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +3 min

Gallium prices in China have dropped 12% this year, pressured by its slowing economy. China's germanium ingot price has advanced only 1% to 7,250 yuan per kg since Monday. Overseas price offers are rising much faster, amid fears that Beijing may use the permitting system to restrict shipments. The Chinese government enforces export controls that do not target any particular country," spokesperson Shu Jueting told a weekly press conference. China produces around 60% of the world's germanium, and over 90% of the world's gallium.

Persons: Theo Ruas, Willis Thomas, Ruas, Shu Jueting, Amy Lv, Siyi Liu, Seher, Dominique Patton, Kim Coghill Organizations: China's Ministry of Commerce, Washington, Producers, Corporation, Shanghai Metal Exchange, CRU, Reuters, Thomson Locations: BEIJING, China, Beijing, U.S, London, Bangalore

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