China Implements Export Restrictions on Raw Materials - Modern Diplomacy

China Implements Export Restrictions on Raw Materials - Modern Diplomacy: In a move widely seen as retaliation in the ongoing “chip war,” the Chinese Ministry of Commerce has announced the implementation of export controls on gallium and germanium, citing the need to safeguard national security interests. The announcement has caused a surge in the prices of essential raw materials, leading companies to scramble for supplies. […]