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Problem chinese rare lands still:
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China has begun to make the export more difficult in the West of rare lands. For example, other very requested materials, expanding the limitations already implemented in recent months: it tells it the Financial Timesin an article in which he interviewed many managers of Chinese and international companies working in the sector.
This happens despite the announcements of the President of the United States Donald Trump. Consequently, who first in early June and then last week had made known the achievement of an agreement that should have resolved the matter. However, The agreement was partially confirmed by China, which however defined it as a passage of a wider negotiation. Moreover, Waiting for it to be carried out possibly, the real situation still remains problematic.
The question above all concerns the so -called rare lands. Nevertheless, materials that China has used for problem chinese rare lands still years as a leverage in international negotiations by virtue of its substantial monopoly. Meanwhile, They are a group of 17 metals whose country controls the extraction. processing: together with the relative magnets are essential For the production of chips, electronic products, cars and combat planes, among other things. In recent months. China had in fact blocked its export all over the world in response to the duties imposed by Donald Trump. Without rare lands – which are not properly rare. But they are found in very few countries – the global industry risks going into crisis, because the productions stop.
In this context the Financial Times He said that export controls have also extended to other critical products. raw materials.
A problem chinese rare lands still mine in China (Chinatopix via ap)
The way in which China controls exports passes through customs and the Ministry of Commerce, which must require a specific permit every single foreign company that wants to obtain the materials subjected to limitations. Several managers heard from Financial Times They said that these offices are also making problems on products not present in the original list – in which the Gallium. Germany, antimony, graphite and tungsten are included – but which are requesting inspections and additional chemical tests on any product contains even in the name or components a suspicious term.
«As long as it contains even a single sensitive word [come magnete. ndr]the customs does not release it: it starts an inspection, and once started, it can take one or two months, “a sales officer of a Chinese company told the newspaper that deals with exporting magnets. It makes another example: “Even problem chinese rare lands still titanium bars. zirconium tubes are blocked”, even if the product actually subject to restrictions is titanium dust.
The problem then afflicts all the logistics. and the shippers refuse to treat products that could cause problems because otherwise the customs risks blocking their containers, causing delays in shipments also for products that have nothing to do with it. Customs and the Chinese Ministry of Commerce did not respond to requests for clarifications of Financial Times.
(AP Photo/Andy Wong)
The blocking of the exports of these products is very felt by the global industry, which has been dealing with the truth for some time: China had started to intermittently restrictions on rare lands already from the first term of Donald Trump, continued during the problem chinese rare lands still administration of Joe Biden, and has intensified the checks in these months of chaos on the duties announced by the United States, in fact, arriving to block almost completely.
This is because China had been the absolute country most affected by the duties introduced by Trump in April. which for a certain period had even reached 145 percent on the value of Chinese goods imported to the United States: it was a level that actually made trade impracticable. However. it was part of Trump’s strategy to threaten heavy duties and consequences to obtain concessions from international partners, a strategy that worked little with China: the United States had to go back on many things so that the Chinese government began only to negotiate.
– Read also: China discovered Trump’s bluff
Problem chinese rare lands still
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