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The European Union is seeking to coordinate with the United States and other G7 partners a response to tighter Chinese controls on the export of rare-earth minerals, trade ministers and officials from the bloc said on Tuesday.
China, the world’s largest rare-earth producer, dramatically expanded controls last week, adding new elements, refining technology and extra scrutiny for semiconductor users before planned talks between presidents Donald Trump and Xi Jinping.
But we also need to be realistic. This is actually an area of common interest with our friends in the US. If we stick together we can much better pressure China to act in a fair way.
Of course these projects take time, but with this signal we got from China it’s clear we have to focus on accelerating these processes as much as possible.
Continue reading...© Photograph: Anadolu/Getty Images
© Photograph: Anadolu/Getty Images
© Photograph: Anadolu/Getty Images