China’s exports of two key minerals—antimony and germanium—have plummeted in recent months amid tighter export controls and a government crackdown on smuggling. June shipments dropped over 88% compared to January.
While rare earth exports have rebounded thanks to a U.S.-China deal, supplies of antimony and germanium—used in electronics, solar cells, and military tech—remain near record lows, pushing prices sharply higher.
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