EU urges China to loosen rare earth curbs as carmakers near crisis point
EU urges China to loosen rare earth curbs as carmakers near crisis point
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EU urges China to loosen rare earth curbs as carmakers near crisis point
The EU is pressing China to loosen restrictions on exports of rare earths because of an “alarming situation” for the bloc’s car industry, with production lines in danger of grinding to a halt.
“I informed my Chinese counterpart about the alarming situation in the EU car industry — the rare earth and permanent magnets are essential for industrial production . . . this is extremely disruptive for industry,” Šefčovič said.