US EditionEU 'Must Reduce Reliance' on China's Rare Earth Minerals
- The European Commission announced on Wednesday the selection of 13 projects outside the EU to secure critical raw materials supply.
- These projects follow the Critical Raw Materials Act, effective May 2024, which aims to reduce dependence on single suppliers amid geopolitical trade tensions.
- The initiatives cover materials like lithium in Serbia, rare earths in Malawi and South Africa, and graphite in Ukraine and Greenland for sectors including energy, defense, and aerospace.
- EU Commissioner Stéphane Séjourné said the projects will reduce dependencies and create growth, while China controls over 90% of rare earth magnet processing vital for many technologies.
- The projects aim to strengthen the EU’s economic security and industrial competitiveness to prevent supply disruptions caused by China’s export restrictions and trade conflicts.
27 Articles
27 Articles
Since April, China has been making the export of rare earths more difficult. According to the EU Chamber of Commerce, the situation is improving somewhat. Is this the risk of production stops in Europe?
Trump Paused Tariffs, But China is Still Restricting This Critical Import.
PULSE POINTS:What Happened: The Chinese Communist Party (CCP) is being urged to relax its export restrictions on rare earth materials, which are essential for various industries. Implemented in response to U.S. President Donald J. Trump’s imposition of tariffs on China, the controls have disrupted production in the U.S. and Europe. Who’s Involved: Chinese Commerce Minister Wang Wentao, U.S. officials, European Union (EU) Trade Commissioner Maros…
By John Liu and Nectar Gan, CNN The European Union has urged China to ease restrictions on rare earths, essential for everything from cars to washing machines, after Beijing’s export controls disrupted supplies and caused production problems for industries across Europe and the United States. EU Trade Commissioner Maros Sefcovic said the issue was a priority in his meeting Tuesday with Chinese Trade Minister Wang Wentao on the sidelines of the O…
For the first time, the United States wants to negotiate with China at the highest level on critical raw materials. The two major powers have recognized the explosiveness of the issue. The EU seems unplanned.
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