MOFCOM Convergence: Two Chains, One Ministry
Sanctions counter-compliance and mineral export permits share a single Chinese administrative node
CHAIN A — ENERGY
CHAIN B — MINERALS
OFAC Designations
EO 13902 / 13846
5 Chinese Refiners
Sanctioned Apr 2026
Blocking Statute
Order 2026 No. 21
Compliance Conflict
Multinationals choose
Iranian Crude
Discount dynamics
MOFCOM
Ministry of Commerce
Export Permit Regime
Dec 2023 – Oct 2024
7 Controlled Minerals
Ga Ge Sb W Te Bi Mo
Permit Processing
Approval rates & timing
Semiconductor Inputs
Defense constraints
Western Producers
Gain share
SUMMIT OUTCOME BRANCHES
Scenario A
Tactical Détente
Both chains paused
Scenario B
Minerals-for-Tariffs
Chain B eases
Scenario C
Escalation
Both chains activate
Source: ForcedAlpha Cascade Engine
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