The fight for global tech dominance is only going to escalate it seems.
China is by far the largest producer of both metals, though this position is more about cheaper production costs than the abundance of the metals themselves. Christopher Ecclestone, principle at Hallgarten & Co. told Bloomberg:"When they stop suppressing the price, it suddenly becomes more viable to extract these metals in the West, then China again has an own-goal."
Though China is not blocking export of the two metals, It remains to be seen what impact this move will have on the wider tech industry. Chip manufacturing is a forward looking process and there will be stockpiles and reserves of important components in case there's a supply side shock. But these materials are used for more than just chipmaking, and there's every chance there will be some ripple effects and price hikes on some products in the months ahead.
One thing we can be sure of: this tech war has the potential to escalate a lot further. Advanced technologies including AI, quantum computers and sub 1nm nodes contain secrets that countries do not want to share.Sign up to get the best content of the week, and great gaming deals, as picked by the editors.Receive email from us on behalf of our trusted partners or sponsors
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