"China is the top producer and exporter of rare earths, which are vital in the production of smartphones, electric vehicles and military technology."
"The EU says the curbs are forcing some of the bloc's companies to suspend production and are inflicting significant economic damage."
"Whether on energy or raw materials, defense or digital, Europe has to strive for its independence, and this is our moment to do it,"
"Some companies can recycle "up to 95 percent of critical raw materials and batteries.""
China dominates production and export of rare earth elements, which are essential for smartphones, electric vehicles and military technology. China introduced new license requirements in April and announced further export curbs amid a trade dispute with the United States. The curbs are forcing some European companies to suspend production and causing significant economic damage. The EU is seeking short-term solutions with China while prepared to use all available policy instruments if necessary. The EU aims to secure alternative sources of critical raw materials across short, medium and long terms, pursue structural changes for independence in energy, raw materials, defence and digital sectors, and emphasize recycling, with some companies able to recycle up to 95 percent of critical raw materials and batteries.
Read at www.dw.com
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