China small metal companies rally for 2nd straight day after China announced export control on gallium, germanium products 

 

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Shares of Chinese small metal companies rally for the second consecutive day after China announced export control on two major materials for semiconductor manufacturing and production of other electronic components. 

China will impose restriction on exports on gallium and germanium, two key materials used in the production of semiconductors and other electronic components, in a move to safeguard national security and interests, the Ministry of Commerce and the General Administration of Customs said on Monday.

Starting from August 1, gallium and germanium items meeting certain characteristics shall not be exported without approval. The ministries listed eight items related to gallium, and six items related to germanium.

Exporters must file an application with local commerce authorities for exports of such items and they must get approval form the Ministry of Commerce before exporting such items. Exporters would face fines and criminal charges if they export such items without permission.