China has announced that it will impose export controls on several key metals, including tungsten, tellurium, bismuth, molybdenum, and indium-related materials. The new regulations are set to take effect on February 4, according to a statement from the Chinese Ministry of Commerce.
This move is significant as these metals play crucial roles in various high-tech industries. Tungsten, for example, is widely used in electronics and aerospace applications due to its high melting point and durability. Tellurium is essential in the production of solar panels and thermoelectric devices.
The export controls aim to regulate the trade of these strategic materials, ensuring their availability for domestic use and safeguarding national interests. The ministry stated that the measures are in line with China’s commitment to global trade rules and are not targeted at any specific country.
Industry experts believe this could have implications for global supply chains, as China is a leading producer of these metals. Companies relying on these materials might need to explore alternative sources or adjust their production strategies.
The announcement comes amid a global focus on securing critical minerals essential for technological advancement and renewable energy industries.
