China’s new export controls on silver starting in January are escalating the trade war with the US. Beijing is blocking the flow of raw materials that are essential for solar energy.

The People’s Republic of China has initiated a strategic change of course in its raw materials diplomacy. New restrictive regulations on the export of silver, antimony, and tungsten will come into force on January 1, 2026.

https://chinabusinessspotlight.substack.com/p/chinas-silver-export-shock-trade

 

From AI: China’s decision to block silver exports is a significant move that will impact the global silver market. The country, which controls up to 70% of global silver supply, is tightening its export restrictions starting January 1, 2026. This move is expected to lead to a significant increase in the silver shortage, potentially reaching over 5,000 tonnes per year. The restrictions are part of China’s strategy to secure domestic supply, support its growing industrial and green-tech demand, and increase leverage in global trade. The new licensing regime requires exporters to obtain government approval for silver shipments, with the rules expected to remain in place through 2027. This policy shift is framed as part of resource-and-environment protection efforts and export administration under the Trade Law and the Import & Export Goods Regulation.

Perhaps this is why Shanghai Exchange price is $8 ABOVE SPOT on Xmas Day