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China plans to restrict exports of a critical metal, but the market isn’t that worried
China will start limiting exports of critical metal tungsten this weekend, just as alternatives to Chinese suppliers of the metal are reopening. It’s a reversal of past decades, during which, according to analysts, Chinese businesses poured cheap tungsten into the global market to put competitors out of business — eventually controlling 80% of the supply chain, according to Argus. Tungsten is an extremely hard metal used in weapons and semiconductors. As part of new rules limiting exports of “dual use” goods — which can be used for military or civilian purposes — China’s Ministry of Commerce earlier ... (full story)
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- Posted: Nov 28, 2024 7:00pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 174
