China’s announcement that it will implement export controls on two specific minerals could have drastic and far reaching consequences for American consumers as geopolitical tension between Washington and Beijing mounts. Chinese officials announced export limits on germanium and gallium Monday after U.S. officials opted in October 2022 to impose restrictions on the export of advanced computer chips to China. The Chinese export limits could spike prices for consumers in the U.S. as the two minerals are essential for manufacturing high-speed computer chips, military equipment, solar panels, fiber optic cables and other key technologies, according to CNBC.
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