https://www.miningweekly.com
Export|Industrial|Manufacturing|Solar|Technology|Equipment|Manufacturing |Products
Export|Industrial|Manufacturing|Solar|Technology|Equipment|Manufacturing |Products
export|industrial|manufacturing|solar|technology|equipment|manufacturing-industry-term|products

US tariffs on minerals leave out markets that China dominates

US President Joe Biden

US President Joe Biden

15th May 2024

By: Bloomberg

  

Font size: - +

President Joe Biden just unveiled sweeping tariffs on a range of Chinese imports, including more than two dozen industrial raw materials. But the administration is being careful to avoid the critical minerals where Beijing’s grip on global supply is greatest.

The commodities that made the duties list include ores of aluminum, manganese and chromium; rare elements, such as actinium and curium; and metals like tin and zinc. For the most part, the US doesn’t rely heavily on these products that now face a 25% import levy.

The narrow scope of the tariffs should limit the fallout for consumers. And meanwhile, several critical minerals where China is dominant were left off the list.

That includes gallium, germanium and rare earths, where the Asian nation has flexed its muscles in recent months with export controls on raw materials and associated technology. The carve out for those commodities serves to highlight China’s overwhelming dominance in the markets.

The notable exceptions for how the tariffs were put together are for graphite, tantalum and tungsten — all three are materials where the US has a material dependence on imports from China.

The move is part of a broader tariff package Biden announced Tuesday, which also targeted electric vehicles, semiconductor chips, solar cells and other goods. The tariffs on the minerals follow the general picture of a delicate balancing act by the administration — excluding certain goods and carving out a narrow exclusion process for solar manufacturing equipment to avoid choking off the US sector.

Edited by Bloomberg

Comments

Showroom

Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 
John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (24/05/2024)
24th May 2024 By: Martin Creamer
Magazine round up | 24 May 2024
Magazine round up | 24 May 2024
24th May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.199 0.232s - 103pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: