German industry urges reduced dependency after China export controls

📆 04-07-23 22:35:00
📰 Reuters

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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.

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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