🇪🇺🇨🇳 EU TO CHINA: HAND OVER THE RARE EARTHS OR ELSE
China just tightened exports on rare earth minerals. Europe is not amused.
These minerals power stuff like electric cars, missiles, and iPhones. China controls over 90% of the EU’s supply, and now they’re saying, “You want it? Jump through these flaming hoops.”
EU chief von der Leyen warned that Europe won’t be “dependent” like it was with Russian gas. Translation: Been there, got burned, never again.
She’s pushing a plan called “RESourceEU” to find new sources, recycle more, and buddy up with countries like Canada, Chile, and even Greenland.
Basically, Europe’s trying not to get caught begging China for batteries while pretending to be a global superpower.
Source: Europa Press, EFE, Infobae
🇨🇳🇩🇪 GERMANY TRADES ITS INDUSTRIAL SECRETS FOR CHINA'S RARE EARTHS
To keep rare earth supplies flowing, German companies are giving China a front-row seat to their industrial blueprints: diagrams, supply chain layouts, customer lists, and even 3-year production forecasts.
All this, just to get a 6-month license for rare earth supplies. Berlin reportedly has no clue what’s being handed over and no real plan to stop it.
Officials literally had to ask German firms what China was collecting. Most didn’t even respond.
Smaller manufacturers are already shutting down. Big firms are playing along to survive. And China now has a handy map of which parts of Europe’s economy it can squeeze next.
The data covers sectors such as defence contractors, car part suppliers, and precision toolmakers.
Source: Bloomberg