Kloepfel MagazinKloepfel Magazin
    Top Article

    Preface

    8. September 2023

    Forbes World´s Best Management Consulting Firms 2023

    8. September 2023

    New headquarter of Kloepfel (EPSA Group) in Düsseldorf

    8. September 2023
    Facebook Twitter Instagram
    • Kloepfel Group
    • Kloepfel Consulting
    • Kloepfel Karriere
    LinkedIn Twitter Facebook Instagram YouTube
    Kloepfel MagazinKloepfel Magazin
    • START
    • NEWS
      • HWWI
      • INTERVIEWS
      • CAREER
      • KLOEPFEL GROUP
      • WHITEPAPER
      • SURVEY
      • INDUSTRY NEWS
        • ENGINEERING
        • LOGISTICS
        • SUPPLY CHAIN
    • NEWSLETTER
    • CONTACT
      • IMPRINT
      • PRIVACY POLICY
    Kloepfel MagazinKloepfel Magazin
    Home»Industry News»Supply Chain»China hampers exports of key industrial metals
    Supply Chain

    China hampers exports of key industrial metals

    By Kloepfel6. July 2023Updated:6. July 20232 Mins Read
    LinkedIn Facebook WhatsApp Email
    Share
    LinkedIn Facebook Twitter WhatsApp Email

    Backlash against behavior of Western countries

    The Chinese Ministry of Commerce has decided to restrict the export of the industrial metals gallium and germanium from August. In the future, a license will be required for export abroad. This measure is said to protect national security and interests.

    Gallium and germanium are needed in the semiconductor, telecommunications and electric vehicle industries. China is the world’s largest producer of these metals.

    The new export requirement followed the decision by many Western countries to reduce their dependence on the Chinese market while still keeping China as a partner. In addition, there is the restriction of the USA to exclude the People’s Republic from the supply of semiconductors. The reason for this is considered to be that China is using its economic power to exert political pressure.

    Consequences for Germany

    Almost the entire share of gallium and germanium traded worldwide comes from China. The restrictions could lead to bottlenecks and drive up prices for these metals, which in turn could make it more difficult to implement green technologies in the EU.

    Although gallium and germanium are not rare metals, processing costs are high. This has led many manufacturers in other countries to give up because they could not compete on price with Chinese suppliers, including Germany.

    So far, Chancellor Olaf Scholz does not classify the regulation as an export restriction. However, Robert Hack, Germany’s economics minister, warns that the requirement could be extended to other metals.

    Future prospects

    According to a manager of a Chinese producer of germanium, several international customers have already requested a large quantity of the raw material by August. These fear that the processing time for export applications will be too long from September.

    While the West would like to expand its raw material supply chain to several countries, it would need at least ten years to do so, he said.

    If China reduces exports because of the new export rules, opportunities could open up for competitors from other countries. In addition, recycling of raw materials could become more important.

    Source: www.kloepfel-consulting.com

    Share. LinkedIn Facebook Twitter WhatsApp Email

    Related Posts

    BMW Group is constructing a logistics hall for high-voltage batteries

    8. September 2023

    Amazon opens logistics center with 3,000 robots

    8. September 2023

    Dual-Sourcing und Nearshoring in the automotive industry in focus

    8. September 2023

    Ocean Shipping Index improves

    4. August 2023

    Import prices down again

    4. August 2023

    thyssenkrupp Steel launches “tkH2Steel” decarbonization project

    4. August 2023

    Comments are closed.

    Top Artikel

    Preface

    By Kloepfel8. September 2023

    September issue Kloepfel Magazine Dear Readers, Liquidity is a top priority. To ensure this, working…

    Forbes World´s Best Management Consulting Firms 2023

    8. September 2023

    New headquarter of Kloepfel (EPSA Group) in Düsseldorf

    8. September 2023

    Liquidity squeeze? Working capital management explained simply!

    8. September 2023

    Receivables management and liabilities

    8. September 2023
    Stay In Touch
    • Facebook
    • Twitter
    • Instagram
    • LinkedIn
    About us
    About us

    Das Magazin für den effektiveren Einkauf!

    Kloepfel Consulting GmbH
    Cecilienallee 6-7
    40474 Düsseldorf

    Telefon: +49 211 941 984 33
    E-Mail: info@kloepfel-consulting.com

    New Article

    Preface

    8. September 2023

    Forbes World´s Best Management Consulting Firms 2023

    8. September 2023

    New headquarter of Kloepfel (EPSA Group) in Düsseldorf

    8. September 2023
    © 2023 Kloepfel Consulting GmbH All rights reserved
    • Home
    • News
    • Contact
    • Imprint
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.