China approves export licences for chip materials gallium, germanium
Reuters
Published Sep 21, 2023 03:32AM ET
Updated Sep 21, 2023 04:10AM ET
BEIJING (Reuters) -Some Chinese companies have obtained export licences for gallium and germanium products, the commerce ministry said on Thursday, after Beijing set new conditions on exports from Aug. 1.
The ministry has approved applications from some companies that meet relevant requirements, spokesman He Yadong told a regular press briefing, with more still being reviewed.
The comments came after China's exports of germanium and gallium items plunged in August, the first month of the export controls，customs data showed on Wednesday.
That followed a surge in July exports of the two niche metals related to chip-making, when overseas buyers rushed to lock in supply before the curbs took effect.
China unveiled curbs that month on exports of eight gallium and six germanium products, starting from August. It was the latest salvo of an escalating war between Beijing and Washington over access to materials used in making high-tech microchips.
The new rules require exporters of germanium and gallium products to obtain an export licence for dual-use items and technologies, or those which have potential military and civilian uses.
The commerce ministry said it had received some applications for the export licence in the middle of August.
China's exports of wrought germanium stood at 36.48 metric tons in the first eight months of 2023, up 58% from the year-earlier period, while shipments of wrought gallium fell 58% on the year to 22.72 tons over the period from January to August.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.