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Shares of Chinese germanium producers hit the daily upward limit early Tuesday on news that Beijing imposed export controls on gallium and germanium, two minerals critical to the production of semiconductors.
China-listed Yunnan Lincang Xinyuan Germanium Industrial CN:002428 and state-run Yunnan Chihong Zinc & Germanium CN:600497 rose 10% in early trading, outperforming the Shenzhen Composite Index’s 0.3% CN:399106 decline and the Shanghai Composite Index’s CN:SHCOMP 0.1% fall.
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