Germany Calls New China Rare Earth Curbs a ‘Great Concern’
Germany has expressed "great concern" over China's decision to expand its export controls on rare earth minerals to production facilities outside of China. This move by China is seen as a significant development, as it could have far-reaching implications for the global supply of these critical materials. The German Economic Ministry spokesperson has stated that this issue is being discussed at both the German and European Union (EU) levels. Rare earth minerals are essential for the production of a wide range of high-tech products, from smartphones to electric vehicles, and the potential disruption in their supply could have serious consequences for industries and economies around the world. The German government is closely monitoring the situation and is likely to work with its EU partners to find ways to mitigate the impact of China's actions on the global market for rare earth minerals.
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