China’s Chip-Metals Producers Surge on Export Restrictions
07/04/2023 12:18
The shares of Chinese metals producers surged after Beijing imposed export controls on gallium and germanium, which are used in chipmaking, communications and defense.
The shares of Chinese metals producers surged after Beijing imposed export controls on gallium and germanium, which are used in chipmaking, communications and defense.
Yunnan Lincang Xinyuan Germanium Industrial Co. jumped by the 10% daily limit in Shenzhen and Yunnan Chihong Zinc & Germanium Co. also hit that mark in Shanghai before paring gains.