The German industry warned this Saturday that, there could be a Crisis similar to the energy crisis of 2022 triggered by the interruption of the Russian supply of natural gas.
The director of the Federal Association of the German Industry (BDI), Wolfgang Niedermark, declared the weekly ‘The mirror’ That the sector is “alarmed” by the situation and that, if it continues, the complete sector can soon face problems that even cause production cessations.
“We face a metal crisis, similar to the energy crisis of 2022, when Russia stopped supplying gas,” he said and mentioned among the most affected branches of the car, machinery and energy and defense technologies. Niederkk pointed out that for the manufacture of electric motors, robotic devices or drones the dependence of the imports that China has restricted is “critical.”
Precisely this Saturday a spokesman of the Ministry of Commerce in Beijing He pointed out that China grants “great importance” to “European concerns” in this matter and is willing to establish a “Green Channel” for rare earth export applications that meet the requirements to accelerate their approval.
Since April 2,, Beijing imposed A new licensing regime which forces foreign companies to request permits to export the aforementioned raw materials (samarium minerals, gadolinio, terbio, disposio, lutecio, scandio and ititrio and derived magnets), adducing national security motifs.
