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@daroosh11: #داريا_التركية #داريا #اكسبلورexplore #fyp #اكسبلور #ديميت #fypシ #اكسبلور @Demet Baştürk @DERYA BAŞTÜRK 🍦
𝒟ℯ𝓇 ❥ sᴀʀᴀ ꡴🪽
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Wednesday 26 October 2022 23:59:04 GMT
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Panic in global metals markets as China rare earth export bans close brokerage hubs Dec262024 China has tightened its export bans on materials with military applications. Its customs office is approving sales only to well-known end users, and for non-military use only. China also has successfully closed off access to its markets by brokers and resellers. These hubs in Hong Kong, Tokyo, New York, and London report being unable to procure any metals in 2024. The Chinese bans are pushing metals prices violently higher, and causing panic across defense sectors where these materials are vital for aerospace, ballistics, and munitions. US miners are reluctant to invest in new production, arguing that China could simply relax restrictions in the future and prices would fall below their cost of production. But industry insiders admit that any production in North America and Europe would fall far short of demand, and would take years to come online. Resources and links: Substack, for video transcript and direct links https://open.substack.com/pub/kd... Bloomberg, Tiny But Vital Metal Markets Rush to Adjust to Chinese Clampdown https://www.bloomberg.com/news/a….. Yahoo! Finance, Tiny But Vital Metal Markets Rush to Adjust to Chinese Clampdown (Abridged, non-paywalled) https://finance.yahoo.com/news/t… China Dials Up US Trade Tension With Tit-for-Tat Metals Ban https://www.bloomberg.com/news/a….. Bloomberg, China Sets Precedent by Banning Others From Selling Goods to US https://www.bloomberg.com/news/a…De-risking Gallium Supply Chains: The National Security Case for Eroding China's Critical Mineral Dominance https://www.csis.org/analysis/de….. Reuters Explainer: What is 'FDPR' and why is the U.S. using it to cripple China's tech sector? https://www.reuters.com/technolo... Closing scene, Fujian province #insidechinabusiness #KevinWalmsley #blcsfo #China中国
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