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) $ 95,720.65 0.52%
ethereum
Ethereum (ETH) $ 2,724.40 1.97%
xrp
XRP (XRP) $ 2.49 2.92%
tether
Tether (USDT) $ 1.00 0.00%
bnb
BNB (BNB) $ 645.79 3.22%
solana
Solana (SOL) $ 159.75 6.37%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.232454 4.81%
cardano
Cardano (ADA) $ 0.742472 3.84%
staked-ether
Lido Staked Ether (STETH) $ 2,718.11 1.87%
tron
TRON (TRX) $ 0.243944 0.83%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 95,658.63 0.49%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,255.66 1.70%
chainlink
Chainlink (LINK) $ 16.83 5.46%
sui
Sui (SUI) $ 3.36 0.02%
avalanche-2
Avalanche (AVAX) $ 24.06 5.49%
stellar
Stellar (XLM) $ 0.321989 3.07%
litecoin
Litecoin (LTC) $ 124.06 1.87%
the-open-network
Toncoin (TON) $ 3.75 0.22%
leo-token
LEO Token (LEO) $ 9.77 0.64%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 4.13%
hedera-hashgraph
Hedera (HBAR) $ 0.205027 3.74%
usds
USDS (USDS) $ 1.00 0.07%
mantra-dao
MANTRA (OM) $ 8.47 1.41%
weth
WETH (WETH) $ 2,726.10 1.93%
hyperliquid
Hyperliquid (HYPE) $ 21.92 9.50%
polkadot
Polkadot (DOT) $ 4.81 4.63%
bitcoin-cash
Bitcoin Cash (BCH) $ 318.15 2.81%
bitget-token
Bitget Token (BGB) $ 4.98 2.52%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.07%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,887.22 1.97%
uniswap
Uniswap (UNI) $ 8.74 3.14%
monero
Monero (XMR) $ 235.08 0.05%
near
NEAR Protocol (NEAR) $ 3.37 2.19%
whitebit
WhiteBIT Coin (WBT) $ 27.45 0.12%
pepe
Pepe (PEPE) $ 0.000009 4.66%
aave
Aave (AAVE) $ 238.43 3.56%
dai
Dai (DAI) $ 0.9999 0.01%
ondo-finance
Ondo (ONDO) $ 1.10 3.42%
bittensor
Bittensor (TAO) $ 412.40 4.04%
aptos
Aptos (APT) $ 5.84 3.73%
internet-computer
Internet Computer (ICP) $ 6.92 3.22%
tokenize-xchange
Tokenize Xchange (TKX) $ 38.94 2.54%
official-trump
Official Trump (TRUMP) $ 15.17 6.37%
ethereum-classic
Ethereum Classic (ETC) $ 20.07 2.75%
mantle
Mantle (MNT) $ 0.893991 2.08%
okb
OKB (OKB) $ 48.44 1.98%
gatechain-token
Gate (GT) $ 23.03 1.09%
susds
sUSDS (SUSDS) $ 1.04 0.11%
sonic-3
Sonic (prev. FTM) (S) $ 0.846717 5.11%