BEIJING (Reuters) -China tightened its uncommon earth export controls on Thursday, increasing restrictions on processing know-how, unauthorised abroad cooperation and spelling out its intention to restrict exports to abroad defence and semiconductor customers.
Exports of know-how used to mine and course of uncommon earths or make the related magnets is barred with out permission, the Ministry of Commerce stated in a press release. Many of those applied sciences are already restricted and it was not instantly clear what the brand new guidelines will add.
China added a number of uncommon earths and associated materials to its export management listing in April, nonetheless Thursday’s announcement explicitly stated licenses are unlikely to be granted for defence corporations in addition to sure customers within the semiconductor sector.
Chinese language corporations are additionally barred from working with corporations abroad on uncommon earths with out permission from the ministry.
(Reporting by Liz Lee in Beijing; Enhancing by Christian Schmollinger)
