https://en.sputniknews.africa/20230705/dr-congo-poised-for-economic-boost-following-chinas-germanium-restrictions-1060353166.html
DR Congo Poised for Economic Boost Following China's Germanium Restrictions
DR Congo Poised for Economic Boost Following China's Germanium Restrictions
Sputnik Africa
Beijing announced the imposition of export controls on certain metals used in the semiconductor industry, including germanium, which is used in computer chips... 05.07.2023, Sputnik Africa
2023-07-05T16:36+0200
2023-07-05T16:36+0200
2023-08-03T10:44+0200
sub-saharan africa
central africa
democratic republic of the congo (drc)
china
industry
economic growth
mining
minerals
economy
https://cdn1.img.sputniknews.africa/img/07e7/07/05/1060354611_0:126:1779:1126_1920x0_80_0_0_bcc2cceea08983b0a759499e1ddab889.jpg
China's export restrictions on some germanium products will increase the value of the material used in semiconductors, according to Gecamines, the state-owned mining company of the Democratic Republic of the Congo (DRC).Export restrictions on some gallium and germanium products announced by China earlier this week for national security reasons have raised concerns among global defense and semiconductor companies.However, it is seen as an opportunity for the DRC, which is preparing to set up a new germanium production unit.The director of Gecamines, Guy Robert Lukama, told Western media that his company intends to step in to produce germanium as a replacement for the unavailable material on the market.In addition to being the world's leading supplier of cobalt and Africa's largest copper producer, the DRC has plans to explore minerals required to facilitate the global transition to a low-carbon economy. This includes resources like lithium, tin, and rare earths.Beijing's export curbs on germanium and gallium, which come into effect on August 1, may potentially disrupt global supply chains since China predominantly controls the production of these valuable minerals used in computer chips, IR technology, fiber optic cables and solar panels.According to Western media, international minerals and metals producer Nyrstar has revealed that it is considering germanium and gallium mining projects in Australia, Europe and the United States in the wake of the Chinese restrictions.Meanwhile, Canadian-based Teck Resources, the largest producer of germanium in North America, said China's germanium export restrictions will not affect its production levels of the mineral.
https://en.sputniknews.africa/20230703/africa-may-increase-lithium-production-more-than-30-fold-by-2027-1060310937.html
central africa
democratic republic of the congo (drc)
china
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2023
Muhammad Nooh Osman
https://cdn1.img.sputniknews.africa/img/07e7/04/0a/1058467512_0:0:1280:1280_100x100_80_0_0_ec723833bcbfcaed2e21952965ad99e4.jpg
Muhammad Nooh Osman
https://cdn1.img.sputniknews.africa/img/07e7/04/0a/1058467512_0:0:1280:1280_100x100_80_0_0_ec723833bcbfcaed2e21952965ad99e4.jpg
News
en_EN
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Muhammad Nooh Osman
https://cdn1.img.sputniknews.africa/img/07e7/04/0a/1058467512_0:0:1280:1280_100x100_80_0_0_ec723833bcbfcaed2e21952965ad99e4.jpg
central africa, democratic republic of the congo (drc), china, industry, economic growth, mining, minerals, economy
central africa, democratic republic of the congo (drc), china, industry, economic growth, mining, minerals, economy
DR Congo Poised for Economic Boost Following China's Germanium Restrictions
16:36 05.07.2023 (Updated: 10:44 03.08.2023) Muhammad Nooh Osman
Writer/Editor
Beijing announced the imposition of export controls on certain metals used in the semiconductor industry, including germanium, which is used in computer chips, IR technology, fiber optic cables and solar panels on Monday. It said the restrictions were imposed to protect the country's national security and interests.
China's export restrictions on some germanium products will increase the value of the material used in semiconductors, according to Gecamines, the state-owned mining company of the Democratic Republic of the Congo (DRC).
Export restrictions on some gallium and germanium products announced by China earlier this week for national security reasons have raised concerns among global defense and semiconductor companies.
However, it is seen as an
opportunity for the DRC, which is preparing to set up a new germanium production unit.
The director of Gecamines, Guy Robert Lukama, told Western media that his company intends to step in to produce germanium as a replacement for the unavailable material on the market.
"We will produce germanium that's unavailable for the market," Lukama said.
In addition to being the world's leading supplier of cobalt and Africa's largest copper producer, the DRC has plans to
explore minerals required to facilitate the global transition to a low-carbon economy. This includes resources like lithium, tin, and rare earths.
Beijing's export curbs on germanium and gallium, which come into effect on August 1, may potentially disrupt global supply chains since China predominantly controls the production of these valuable minerals used in computer chips, IR technology, fiber optic cables and solar panels.
According to Western media, international
minerals and metals producer Nyrstar has revealed that it is considering germanium and gallium mining projects in Australia, Europe and the United States in the wake of the Chinese restrictions.
Meanwhile, Canadian-based Teck Resources, the largest producer of germanium in North America, said China's germanium export restrictions will not affect its production levels of the mineral.
