China exerts new restrictions on exports of minerals critical to US weapons making
China has imposed new export controls on a range of minerals, including antimony, which is vital to the U.S. defense industry as a flame-retardant component used in machine bearings, a move that could send defense prices soaring. The little-known metal antimony is used in ammunition, infrared missiles, nuclear weapons and night-vision goggles, as well as […]
Biden Admin Reportedly Set To Significantly Strengthen Tariffs On Chinese EVs, Critical Minerals
The Biden administration is reportedly set to significantly enhance tariffs targeting Chinese electric vehicles (EVs) and other green energy-related products as early as next week, The Wall Street Journal reported Friday. The administration will approximately quadruple tariffs against Chinese EVs, and U.S. officials will also increase levies against critical minerals, solar products and batteries that […]
Demand for critical minerals drives massive changes in global economy
Competition is intensifying to strengthen global supply chains for metals and minerals essential to the ongoing energy transition. Companies are jockeying for position in changing production networks, and Congress is pushing policies to move mineral processing away from China, where the industry has been concentrated for decades. In the search for mineral resources, everything from […]
Congo questions Apple over knowledge of conflict minerals in its supply chain
The Congolese government is questioning Apple about the tech company’s knowledge of “blood minerals” from conflict zones in Africa that could be smuggled into its supply chain, and is seeking answers within three weeks. A group of international lawyers representing Congo said Thursday that it sent a letter this week to Apple’s CEO Tim Cook […]