The European Commission is preparing to host a Chinese delegation to discuss China’s restrictions on the export of technologies related to rare earth materials. According to Bloombergthe purpose of the meeting is to find urgent mechanisms that will prevent disruptions in European industry.
Sefcovic after a conversation with Wang Wentao: “The issue is systemic”
Trade Commissioner Maros Sefcovic said at a briefing in the European Parliament that he had a two-hour conversation with Chinese Trade Minister Wang Wentao. They discussed the consequences of restrictions for the automotive industry, energy, defense and digital sectors EUwhere rare earths are a critical component.
Why does this hurt for Europe?
- China is a key producer of rare earths and carriers of relevant technologies.
- The restrictions threaten shutdowns at European factories and a domino effect in supply chains.
- The cost and timing of import substitution within the EU remains a challenge.
What Brussels is preparing
The European Commission, according to Vice-Chairman Stephane Séjournet, is working on a package of measures: strengthening the recycling of rare earths in the EU, creating common purchasing and storage centers, as well as tools for collective sustainability of chains.
At the same time, Sefcovic announced working with G7 partners for a “coordinated response” to Beijing’s steps.
Where can the pendulum swing?
The immediate goal is to avoid downtime of European lines. Medium-term – accelerate processing projects and diversification of supplies. The outcome of negotiations with China will show whether risks can be mitigated without escalating trade disputes.
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