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EU needs rare earths strategic reserves against China threat

Cover Image for EU needs rare earths strategic reserves against China threat

Its commissioner for industrial strategy, Stephane Sejourne, warns Beijing that the EU has the tools to defend itself in a potential trade war.

BRUSSELS: EU countries should create joint reserves of rare earths to prevent supply chain disruptions and economic blackmail from China, the EU’s commissioner for industrial strategy, Stephane Sejourne, told the Handelsblatt newspaper.

Sejourne also said he would launch further tenders this year to promote alternative raw material sources, the German newspaper said.

“All European countries today have strategic reserves for oil and gas.

Tags:aerospaceautoautomakerssCarmakersChinacompaniedefencediplomatsEUexport curbs


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