What green energy transition? Half of mining still exploring for gold

China on Monday announced export restrictions on some gallium and germanium products, citing national security interests.

China said on Monday it will impose export restrictions on gallium and germanium.

The move underscores the dilemma facing President Xi Jinping as he seeks to counter US efforts to prevent China from accessing the chips needed to dominate technology.

The company is looking at germanium and gallium projects in Australia, Europe and the United States.

China said the control on exports of gallium and germanium products from Aug. 1 was aimed at protecting national security.

Gallium and germanium, along with their chemical compounds, will be subject to export controls starting Aug. 1.

Planemakers are trying to find alternatives to Russia's VSMPO-Avisma, a key titanium producer to the aerospace industry.

The United States relies heavily on critical minerals sourced overseas, but rising global mineral demand and escalating US-China competition require increased supply chain resiliency.

New report says lithium, nickel sulphate and rare earth prices are set to recover sharply but graphite, magnesium and titanium markets are in for more pain.