Beijing, October 18, 2023 – The Chinese mainland will impose export controls on tungsten, tellurium, bismuth, molybdenum, and indium-related materials, effective February 4, according to a statement from the Chinese Ministry of Commerce.
The announcement marks a significant move by the Chinese authorities to regulate the export of these critical materials, which are essential components in various high-tech industries, including electronics, aerospace, and renewable energy.
The Ministry's statement emphasized that the measures aim to safeguard national security and strategic interests. Exporters of these materials will now be required to obtain special licenses to ship them abroad.
Tungsten, known for its high melting point and strength, is widely used in manufacturing and military applications. Tellurium and indium are key elements in the production of semiconductors and solar panels. Bismuth and molybdenum have applications ranging from pharmaceuticals to steel alloys.
This development is expected to ripple across global supply chains, potentially impacting industries reliant on these materials. Businesses and investors are advised to monitor the situation closely and assess the implications for their operations.
The Ministry of Commerce has urged companies to comply with the new regulations and stated that it will strengthen supervision and enforcement to ensure orderly trade practices.
The implementation of these export controls underscores the evolving landscape of international trade and the strategic importance of critical raw materials in the global market.
