87
submitted 1 year ago by HowRu68@lemmy.world to c/worldnews@lemmy.ml

July 4 (Reuters) - China has announced export restrictions on some gallium and germanium products, metals used in computer chips and other products, citing national security interests.

top 21 comments
sorted by: hot top controversial new old
[-] garwalut@sh.itjust.works 17 points 1 year ago

Here’s the thing about resource based export bans: prices will go up and as a result new producers/mines will enter the market. In time, new alternatives will be found, cost of production will go down, and china will loose its comparative advantage permanently.

[-] Candelestine@lemmy.world 14 points 1 year ago

... you're supposed to cut access to those shortly before the war, to cause maximum headaches. If there's a war actually soon, then they picked the dumbest timing they possibly could. The west is in a state of partially mobilized war production, in an effort to supply Ukraine.

And US soldiers are not involved in any foreign wars for the first time in awhile. That lowers our threshold for hitting an America-fuck-yea moment significantly.

Primary Reference: https://youtu.be/LasrD6SZkZk

[-] moonwalker@lemmy.world 12 points 1 year ago

Haven't drank any coffee yet. Reading the title I thought this was going to effect the potato chip supply chain.

[-] CanadaPlus@lemmy.sdf.org 7 points 1 year ago

Mmm. The melt-in-your-mouth flavour of gallium.

(It melts at like 30C if you're not familiar)

[-] moonwalker@lemmy.world 3 points 1 year ago

Lay's BBQ chips. New and improved gallium free recipe.

[-] masterspace@lemmy.ca 7 points 1 year ago* (last edited 1 year ago)

Germanium ores are rare and most germanium is a by-product of zinc production and from coal fly ash.

Gallium is found in trace amounts in zinc ores and in bauxite, and gallium metal is produced when processing bauxite to make aluminium.

Can you imagine a world without zinc?

China's bourgeoisie capitalist regime preps for WW3.

[-] Raphael@lemmy.world -1 points 1 year ago

USA: Sanctions China chip industry. China: Restricts some specific exports that affect the ship industry.

USA: Surprised Pikachu Face

load more comments
view more: next ›
this post was submitted on 04 Jul 2023
87 points (98.9% liked)

World News

32282 readers
768 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS