US EditionRestrictions on Rare Earths: China's Raw Material Power Stirs up E-Car Industry
7 Articles
7 Articles
Export restrictions, empty stocks and rising prices of critical raw materials put pressure on the car industry worldwide. While the US and Japan are building up alternative supply chains, Europe is in danger of falling behind.
European Commissioner Stéphane Séjourné, organised a meeting on Monday 20 October with several company CEOs about China's restrictions on the export of rare earths, these strategic minerals essential for many sectors. Concrete responses are difficult to emerge.
Like hardly any other industry, the automotive industry is dependent on rare earths – mostly from China. Because the supply is increasing, production is in danger. Relaxation of the situation is not in sightChina is intensifying its control over important raw materials for electric mobility – and in the car industry there is unrest. Empty stocks in the west and rising prices are causing the buyers to break their heads. "The situation is very ten…
New Chinese export restrictions could have far-reaching consequences
LONDON/BERLIN (Reuters) - Global automakers are looking to secure supplies of rare earth metals from other parts of the world, fearing that a curb on exports of rare earth metals from China will lead to component shortages and factory closures, Reuters reported on Monday.
Global automakers fear that restrictions on rare earth metal exports from China will lead to shortages of components and factory closures. They are therefore trying to secure supplies of these metals from other parts of the world. Reuters reported this today. "The situation is very tense," said Nadine Rajner, the head of German metal powder supplier NMD. She pointed out that in some countries, such as Sweden, there are large amounts of rare eart…
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