China’s Ministry of Commerce on Tuesday released its official list of companies allowed to export critical metals, including silver, tungsten, and antimony, for 2026–2027. The move, widely anticipated by markets, underscores Beijing’s shift toward tighter control over resources vital to technology, energy, and defense sectors.
Silver: Only 44 companies approved to export, a slight increase from 2025, concentrating supply in the hands of major exporters.
Tungsten & Antimony: Export licenses remain limited to 15 and 11 companies, respectively, reinforcing China’s control over heavy and strategic metals.
Market Impact: Analysts warn of reduced supply predictability and potential price volatility in global markets, as China moves from supplier to regulator of critical minerals.
This policy signals a more centralized approach to resource management, giving China strategic leverage over global technology supply chains.
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