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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Technology

Technology

China export limits on chip metals worry EU.

An attendant walks past EU and China flags ahead of the EU-China High-level Economic Dialogue at Dia... An attendant walks past EU and China flags ahead of the EU-China High-level Economic Dialogue at Diaoyutai State Guesthouse in Beijing, China June 25, 2018. REUTERS/Jason Lee
An attendant walks past EU and China flags ahead of the EU-China High-level Economic Dialogue at Dia... An attendant walks past EU and China flags ahead of the EU-China High-level Economic Dialogue at Diaoyutai State Guesthouse in Beijing, China June 25, 2018. REUTERS/Jason Lee

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On Tuesday, the European Commission raised worry over China’s planned export limitations on critical metals used in semiconductors and doubted the measure was security-related.

From Aug. 1, China restricted gallium and germanium shipments for national security.

“The Commission is concerned that these export restrictions are unrelated to the need to protect global peace and stability and the implementation of China’s non-proliferation obligations arising from international treaties,” a spokeswoman told a daily briefing.

The EU executive, analyzing the impact on global supply chains and European business, called China to confine export restrictions to “clear security considerations” by WTO regulations.

The Commission considers both rare elements “strategic” raw materials for its green and digital transition, setting 2030 targets for EU mining, recycling, and processing.

Semiconductors, electric cars, and high-tech sectors use metals.


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