China Allows Export Of Small Amounts Of Critical Minerals

China has resumed the export of germanium and gallium, materials used in chips, telecommunications equipment, and electric vehicles, after a two-month hiatus. However, traders now need to apply for licenses and provide customer information. China had imposed export restrictions on these minerals in July, but observers claim it was a move in the ongoing trade war with the US and Europe. Relations between the two countries may improve after a meeting between Xi Jinping and Joe Biden. The US has recently prevented the sale of AI chips to China over military concerns.

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Frequently Asked Questions

Q: What is the recent development regarding China's export of critical minerals?

A: China has recently allowed the export of small amounts of critical minerals. This resumption in sales comes after a two-month halt in exports. [Source: OilPrice.com]

Q: Why are rare earth elements important for clean energy?

A: Rare earth elements are essential for permanent magnets used in wind turbines and electric vehicle motors, making them crucial for clean energy technologies. [Source: IEA]

Q: What percentage of critical minerals are processed by China?

A: More than 80 percent of critical minerals are processed by China, highlighting its dominant position in the global supply chain. [Source: White House]

Q: Which minerals did China place export restrictions on?

A: China has limited the export of rare earth elements (REEs), gallium, germanium, and graphite, all of which are critical minerals used in various high-tech industries. [Sources: White House, Reuters]

Q: How reliant is the United States on imports for critical minerals?

A: The United States is 100% import reliant for 19 minerals that provide critical support for various industries, indicating a high level of dependence on foreign sources. [Source: CRS Reports]

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