China Blocks Rare Metal Supplies to Germany: Why This Threatens Europe
China has halted supplies of resources necessary for weapon production in Germany, causing serious concern among German manufacturers and the government. China holds over 90% of the global market for rare earth metals, making it the primary supplier of these materials. As a result, German weapons manufacturers are facing supply issues, with some companies only having resources left for a few weeks. If the situation does not resolve, it could even lead to a halt in production.A representative of the German Federal Ministry of Economics noted the seriousness of the risks associated with China's export control over critically important raw materials and emphasized that the situation is being viewed with increased concern. According to The Wall Street Journal, China's restrictions on the export of rare earth elements have also affected global production, leading to rising material prices and the search for alternative sources of raw materials. The European Parliament calls for decisive actions on this issue, demanding the lifting of China's export restrictions and expediting the implementation of legislation on critically important raw materials.
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