From CNBC: 2024-08-21 00:15:29

China has announced export controls on antimony, alarming the global critical minerals industry. Antimony is used in weapons and batteries. Analysts fear this move could extend to other minerals, like tungsten, vital for defense. Beijing, a key producer, may restrict exports amid tensions with the U.S. and growing global demand.

The U.S. has imposed restrictions on China, prompting Beijing to control germanium and gallium for chipmaking. Antimony and tungsten, crucial for military applications, may face export controls. Experts foresee China targeting tungsten next. The U.S. plans to ban Chinese tungsten in military equipment by 2026 and is working to reduce reliance on China for critical minerals.

Companies like Energy Fuels in the U.S. are exploring opportunities amid China’s export controls. Energy Fuels, a uranium oxide supplier, is venturing into rare earths production. Experts are watching to see if China fully enforces export restrictions on antimony, tungsten, and other critical minerals. China’s moves are driven by concerns over national security and potential retaliation.

Read more: China’s antimony export controls rattle the tungsten industry