By the Numbers: Metal monopoly
China’s latest export controls highlight U.S. need for self-sufficiency
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2
The number of critical metals that China is placing export restrictions on beginning Aug. 1. Some analysts see the new controls on gallium and germanium, needed for chipmaking, as an opening salvo in a broader Chinese strategy to leverage its supply of critical materials.
94%
The share of the world’s gallium supply that comes from China, along with 83 percent of germanium, according to a European Union study published this year.
$125 million
The amount Congress appropriated in 2022 for the National Defense Stockpile, the military’s cache of important raw materials. Goldman Sachs says the West needs some $25 billion to match China’s supply of rare earth materials.
0
The amount of gallium in inventory reserves at the National Defense Stockpile, a Pentagon spokesperson said July 6.
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