Perpetua Resources Corp., backed by John Paulson, has partnered with Sunshine Silver Mining & Refining Co. to explore antimony processing opportunities in the U.S. This collaboration aims to address the critical mineral's supply challenges amid China's export ban, potentially fulfilling up to 40% of annual U.S. demand.
China has banned exports of critical minerals like gallium and germanium to the US, escalating trade tensions amid ongoing restrictions from the Biden administration on technology exports to China. While the immediate economic impact may be limited, the bans could disrupt US industries reliant on these materials, particularly in semiconductors and electric vehicles. Experts warn that further restrictions could lead to significant economic repercussions and a deepening trade war between the two nations.
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