Elon Musk warned that China's new silver export restrictions could hurt industries using the metal as an input with the precious metal's prices hit record highs.

Elon Musk has voiced his concerns over China’s impending restrictions on silver exports, highlighting the potential impact on various industrial processes. On Saturday, Musk reacted to a post on X by Jesse Peltan,

"China currently leads the United States in the early commercialization of humanoid robots," Andreas Brauchle, partner at consultancy Horváth, told CNBC by email. "While both countries are expected to build similarly large markets over time, China is scaling more rapidly in this initial phase."

According to Statista, global silver supply stands at around 1 billion ounces. Analysts estimate that supply deficits of 115 million to 120 million ounces this year are straining global inventories, as mine production fails to meet consumption for a fifth consecutive year.

China's rocket startup LandSpace has made no secret about drawing inspiration from Elon Musk's SpaceX. Earlier this month, the Beijing-based firm became the first Chinese entity to conduct a reusable rocket test.

Beijing has warned the United Nations that the rapid expansion of Elon Musk’s Starlink satellite constellations in low-Earth orbit pose “pronounced safety and security ” concerns globally.

Elon Musk has praised the Unitree G1, a Chinese humanoid robot seen as a rival to Tesla's Optimus, after it performed as backup dancers at a live concert in China.