German industry urges reduced dependency after China export controls

📆 4/7/2023 17:35:00

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German industry on Tuesday warned that Europe must become more self-reliant in the hunt for raw materials needed for cleaner, more digital economies, after China caused alarm by announcing restrictions on some metals used for semiconductors.

📆 4/7/2023 17:35:00
📰 Reuters

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The Chinese export restrictions "illustrate the urgency for Europe and Germany to quickly reduce their dependency on critical raw materials now," said Wolfgang Niedermark, a member of the BDI German industrial association.

Another German industry group, Bitkom, called for steps to massively increase Germany and Europe's digital sovereignty .

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