Within days… talks between the European Union and China regarding rare earths
The Trade Commissioner announced in China to export Rare metals.
Shevcovich explained after a video call with his Chinese counterpart, Wang Wentao, that "He called on the Chinese authorities to come to Brussels in the coming days to find urgent solutions"adding that the Chinese Minister "Before the invitation".
New Chinese controls
China, which is the world’s largest producer of metals used in making vital magnets for the automotive, electronics and defense industries, had previously announced this month new controls on the export of rare earth technologies.
The European Union publicly protested the decision, stressing that Chinese restrictions forced European companies to stop production, It caused economic damage across supply chains.
European officials explained that Brussels intends to move diplomatically, industrially and practically to support the sectors affected by Chinese measures.
Metal recycling programs
European Commission Vice President Stephane Ségornet announced on Monday that the European Union is preparing initiatives New, including the establishment of joint purchasing and storage centers and the expansion of rare metals recycling programmes.
Shevcovich also indicated last week that he is working with G7 partners to formulate a coordinated response towards Beijing.
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