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Aug 16, 2024 06:22 PM

China Adds Metal Used in Ammo to List of Restricted Exports

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While China is by far the world’s top antimony miner, production has fallen substantially in recent years, in a trend that’s fueled fears of global shortages and underpinned a surge in prices. Photo: VCG
While China is by far the world’s top antimony miner, production has fallen substantially in recent years, in a trend that’s fueled fears of global shortages and underpinned a surge in prices. Photo: VCG

(Bloomberg) — China is tightening its grip over global critical-mineral supplies by placing export controls on antimony, a metal used widely in ammunition and other military applications that’s seen a surge in prices this year.

The country will apply the restrictions to antimony and antimony-related materials from Sept. 15 in order to safeguard national security, according to a statement from the Ministry of Commerce on Thursday. That adds to earlier controls on other critical minerals including gallium and germanium, which have set off alarm bells in Washington.

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