China’s Critical Minerals Embargo Is Even Tougher Than Expected--"ordered companies around the world not to allow" them "to reach the U.S."
Posted: Dec 10, 2024
- China has ordered a trade embargo on the export of four critical minerals to the United States
- This ban extends to companies in other countries that transfer minerals to American firms after acquiring them from China
- This includes gallium, germanium, graphite, and antimony
- Beijing's ban on transshipment threatens to divide global supply chains
- China is pushing for companies to invest and build supply chains in China rather than the United States
What do people on Reddit think?
🚨 Reddit sentiment: mixed/negative - Comments exhibit skepticism about the effectiveness of sanctions and concerns about global supply chain disruptions, thus leaning towards a negative sentiment. Summarized comments: - China's ban on critical minerals could lead to further bans on US products like Apple and Tesla - The Ukraine conflict is affecting rare mineral supply due to fighting in mineral-rich regions - MILlF is a new investment in antimony mining, as China, Russia, and Tajikistan dominate supply - India may benefit from the embargo by importing and reselling minerals - The difficulty of sanctioning major economies like China is highlighted through this embargo - MP Materials is mentioned as a potential domestic play in rare earth mining Stock tickers discussed: AAPL, $TSLA, MILlF
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