Quote from Ndubuisi Ekekwe on July 5, 2023, 9:08 PM

China fights back on US chip sanctions with what it has in abundance: rare earth metals, minerals and critical materials for making most things electronics.

China said it would impose export restrictions in August on two minerals — gallium and germanium — and over a dozen related materials widely used in the production of semiconductors, solar cells, electric vehicles and other high-tech industries. The move "has ramped up a trade war with the United States and could potentially cause more disruption to global supply chains," per Reuters. It comes after the U.S. and Europe restricted chip exports to China.

• China makes up 60% of the world’s germanium and 80% of gallium, according to the Critical Raw Materials Alliance.
• Exporters of these materials will need to apply for “special permission” to ship them out.