China’s Rare Earths Weapon Could Kill Europe’s Auto Industry
Sunday, 8 June 2025 () China earlier this year introduced restrictions on its exports of rare earths. The move marked a new stage in the US- China trade spat, when the two sides no longer tried to out-tariff each other but took to more concrete steps. The problem is, the restrictions don’t just apply to U.S. companies. And they may well deliver the fatal blow to Europe’s struggling auto industry. China controls 90% of the world’s rare earths processing capacity. It is the indisputable, if not exactly celebrated in the West, master of the rare earths…
The EU has raised alarms over severe disruptions caused by China’s rare earth export restrictions, which have slashed supplies to key industries, including auto manufacturing. Exports to Germany halved in April, prompting emergency talks between EU officials and China’s commerce ministry....
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Donald Trump demanded a "guarantee" on Ukrainian "rare earths" in exchange for American aid. Highly sought after, rare earths are a group of 17 minerals essential to high technology. VIDEOGRAPHIC
China earlier this year introduced restrictions on its exports of rare earths. The move marked a new stage in the US- China trade spat, when the two sides no... Upworthy
Sunday, 8 June 2025 ()
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