Industry news: China implements export controls on some antimony and superhard materials related items
On August 15th, the Ministry of Commerce and the General Administration of Customs of China jointly issued a notice, deciding to implement export controls on some antimony and superhard materials related items. The above policies will be officially implemented from September 15, 2024.
Diamond material in superhard materials is not only the hardest known substance, but also has excellent properties in sound, light, electricity, magnetism, heat and other aspects. It is known as the “king of materials” and the “ultimate semiconductor”, and is one of the most promising materials in the 21st century. The Wassenaar Arrangement has implemented export controls on products and technologies related to superhard materials such as diamonds, and countries such as the United States have also included related products and technologies in their control lists. China’s regulation of superhard material related products and technologies is conducive to promoting the rational use of superhard material related products and technologies in various fields around the world, especially to ensuring the peaceful use of related products in various fields, which is in line with international common practices.
As a company in the Chinese diamond industry, JINCHENG ABRASIVES, will pay real-time attention to the latest policies issued by the country, timely monitor industry trends to adjust the company’s development strategy, and contribute its own strength to the country’s development. The Cubic Press mentioned in the export restriction policy is the main equipment for synthesizing superhard materials such as diamond and cubic boron nitride (CBN) in China. JINCHENG Company’s main grinding wheel uses diamond and cubic boron nitride (CBN) as abrasives, and this policy has indirectly affected JINCHENG Company’s product production. JINCHENG will strengthen our compliance awareness, establish a sound internal compliance system for export control, and enhance internal management to ensure the legality and compliance of export activities.
