Volkswagen on Thursday said it was monitoring the situation on the raw materials markets after China announced it would control exports of some metals, adding that it was 'ready to take measures together with its partners if necessary'. China's commerce ministry said earlier this month it would require ex
Volkswagen on Thursday said it was monitoring the situation on the raw materials markets after China announced it would control exports of some metals, adding that it was"ready to take measures together with its partners if necessary".
China's commerce ministry said earlier this month it would require export permits for eight gallium products and six germanium products from August 1 to protect national security. A Volkswagen spokesperson told Reuters that gallium and germanium were important resources for automotive products and played a role in future autonomous driving functions.
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China's metal export curbs reignites global companies' hunt for stable suppliersSHANGHAI/STOCKHOLM/WASHINGTON : China's decision this week to restrict exports of some strategic metals has prompted more companies to re-think their reliance on the world's No. 2 economy at a time when mounting geopolitical tensions have fed fears that more curbs could be coming.In a move that a top Chin
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TSMC does not expect direct production impact from China's metal export curbsTAIPEI : Taiwan Semiconductor Manufacturing Co Ltd (TSMC) said on Thursday it does not expect any direct impact on its production from China's decision to restrict exports of two metals widely used in semiconductors and electric vehicles. 'After evaluation, we do not expect the export restrictions on raw
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South Korea, Taiwan see limited impact of China curbs on chipmaking materialsSEOUL/TAIPEI: South Korean and Taiwanese ministers said on Tuesday (Jul 4) the short-term impact of China's export controls targeting gallium and germanium used in the chip ind
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