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Saturday, December 7, 2024

Why China's ban on exports of rare minerals could cost US billions :-ET

 


China recently announced it has banned the exports of three rare minerals- gallium, germanium, and antimony- and other items to the United States. The move by China is also seen as a new way of countering President-elect Donald Trump, who will take office on January 20. China's move came after President Joe Biden’s administration prohibited certain types of chips and machinery and added more than 100 Chinese companies to a restricted-trade list.


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