China has promised to process applications from European companies to export rare earth faster.
At a meeting with EU trade commissioner Maros Sefcovic in Paris during the week, China’s Minister of Commerce Wang Wentao said that the People’s Republic of Messe was of great importance to the concerns of the Europeans, said a spokesman for the Ministry of Commerce in Beijing.
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China is ready to set up a “green channel” for applications that met the conditions in order to speed up the exam. In return, Wang hopes that the European side is taking measures so that the trade of high-tech products with China is easier, said the spokesman.
Industry warns of consequences
Beijing had seven rare earths in the customs dispute in the customs dispute with the United States and magnets made from them with export controls. The result: companies had to have the export of these urgently needed for electric motors or sensors. Raw materials with elaborate applications.
Companies worldwide, such as in Europe and the USA, are very concerned about the restriction. In Beijing, the EU Chamber of Commerce said that its member companies were recently given a little more licenses.
Meanwhile, German industry warned again of production stops. “We are threatened with a metal crisis, similar to the energy crisis in 2022, when Russia was no longer a gas,” said the general manager of the Federal Association of German Industry (BDI), Wolfgang Niedermark, the “Spiegel”. The auto industry, mechanical and plant engineering as well as energy and defense technologies are particularly affected: “With electric motors, robotics or drones, import dependence is not only high, but system-critical.”
Exchange of blows between the USA and China
Access to rare earths should also be an important topic in the planned trade discussion of the USA and China on Monday in London. The meeting had announced US President Donald Trump. At first there was no confirmation from Beijing.
Trump had assured that China would resume delivery of rare earths. The People’s Republic is a main processor of the metals, but depends on high-tech products such as certain equipment for aircraft or chip design software from abroad. For Beijings, the United States had recently restricted the export of this technology to China.
Rare earth: economy demands national strategy
The economy Veronika Grimm calls for a comprehensive national strategy in view of the impending bottlenecks in the supply of rare earths. In conversation with the “Focus”, she spoke out for an expanded role in the National Security Council. “The federal government has recognized the problem and initiated the first steps, for example with the raw material fund or the national raw material strategy,” said Grimm. “But implementation is often too slow, too bureaucratic and too much focused on individual fields of action, although it should be part of a comprehensive security strategy.”
The KfW raw material fund is “a beginning, but not sufficient for a sustainable raw material strategy,” said Grimm. But above all, the money doesn’t use much without a strategy that also take a look at strategic partnerships, the energy trade and trade relationships. “Such a perspective that the geo -economic developments in mind could arise in the vicinity of the new National Security Council.”
The Union and SPD had agreed in the coalition agreement to establish a national security council in the Federal Chancellery. It is intended to further develop the previous Federal Security Council and take care of security policy as well as the “strategy development and strategic foresight”.
Industry in the Bredouille
Grimm warned that China strategically pulled the further processing of critical raw materials. Rare earths are essential for high technology, electromobility, wind power and armaments. “If the deliveries are stalling, production delays or even stops can quickly occur.”
Beijing has rare earth in the customs dispute with the USA and made it with export checks. Companies have to have the export of urgently needed raw materials approved. Access to rare earths should also be an important issue at the USA and China trade discussion in London on Monday.
In view of the situation, Grimm also advocated strengthening European purchasing cooperations, the establishment of strategic reserves for critical raw materials and the expansion of raw material partnerships with countries such as Canada, Australia or Chile.
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Beijing (dpa-Afx)