Commodities and Futures News

China proposes further export curbs on battery, critical minerals tech

2025.01.02 10:29

BEIJING (Reuters) – China’s commerce ministry has proposed export restrictions on some technology used to make battery components and process critical minerals lithium and gallium, a document issued on Thursday showed.

If implemented, they would be the latest in a series of export restrictions and bans targeting critical minerals and the technology used to process them, areas in which Beijing is globally dominant.

The proposed changes would expand and revise restrictions to include some of the technology used to make cathodes, components in batteries, as well as methods of extracting and processing lithium.

Some technologies to extract gallium would also be restricted under the proposed changes that are open for public comment until Feb. 1.

The release does not say when they could come into force.

© Reuters. FILE PHOTO: Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/File Photo

Depending on their severity, the proposed restrictions on technology used to process lithium or prepare battery components could hinder the overseas expansion plans of major Chinese battery makers, including CATL, Gotion and EVE Energy.

Later this month, Donald Trump will be sworn in as U.S. President. He has pledged to use tariffs and various trade restrictions against other countries, in particular China.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 104,022.87 0.15%
ethereum
Ethereum (ETH) $ 2,513.56 0.90%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.40 0.35%
bnb
BNB (BNB) $ 656.41 1.40%
solana
Solana (SOL) $ 175.14 0.93%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.240853 0.31%
cardano
Cardano (ADA) $ 0.818498 0.01%
tron
TRON (TRX) $ 0.266425 0.44%
staked-ether
Lido Staked Ether (STETH) $ 2,510.40 0.89%
sui
Sui (SUI) $ 4.08 1.71%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 103,927.85 0.15%
chainlink
Chainlink (LINK) $ 17.14 1.28%
avalanche-2
Avalanche (AVAX) $ 25.12 0.75%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,021.49 0.94%
shiba-inu
Shiba Inu (SHIB) $ 0.000017 0.59%
stellar
Stellar (XLM) $ 0.311635 0.43%
pi-network
Pi Network (PI) $ 1.27 30.91%
hedera-hashgraph
Hedera (HBAR) $ 0.209305 1.90%
the-open-network
Toncoin (TON) $ 3.47 0.11%
hyperliquid
Hyperliquid (HYPE) $ 24.59 2.78%
bitcoin-cash
Bitcoin Cash (BCH) $ 409.04 2.30%
usds
USDS (USDS) $ 1.00 0.00%
polkadot
Polkadot (DOT) $ 5.14 0.40%
leo-token
LEO Token (LEO) $ 8.38 0.98%
litecoin
Litecoin (LTC) $ 100.96 3.18%
weth
WETH (WETH) $ 2,510.25 1.02%
monero
Monero (XMR) $ 336.90 3.95%
pepe
Pepe (PEPE) $ 0.000014 10.25%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,680.67 1.07%
bitget-token
Bitget Token (BGB) $ 4.86 3.61%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.08%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 103,934.85 0.31%
ethena-usde
Ethena USDe (USDE) $ 0.99984 0.04%
whitebit
WhiteBIT Coin (WBT) $ 30.13 0.20%
uniswap
Uniswap (UNI) $ 7.02 3.23%
bittensor
Bittensor (TAO) $ 471.68 3.36%
near
NEAR Protocol (NEAR) $ 3.18 3.13%
aptos
Aptos (APT) $ 5.98 2.01%
dai
Dai (DAI) $ 0.99996 0.02%
aave
Aave (AAVE) $ 221.00 1.07%
ondo-finance
Ondo (ONDO) $ 1.06 0.11%
okb
OKB (OKB) $ 55.22 0.39%
kaspa
Kaspa (KAS) $ 0.122824 15.20%
internet-computer
Internet Computer (ICP) $ 5.83 1.67%
ethereum-classic
Ethereum Classic (ETC) $ 20.17 0.06%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
susds
sUSDS (SUSDS) $ 1.05 0.01%
crypto-com-chain
Cronos (CRO) $ 0.09922 3.49%