The European Chamber of Commerce in China said at least one of its members has lost “millions of euros” due to Beijing’s strict controls on rare-earth exports, which still lack a consistent licensing process. China dominates the global rare-earth supply chain, accounting for nearly 70% of production and close to half of global reserves, giving it significant leverage in trade talks. While some approvals picked up earlier this year, businesses now report growing difficulty in securing export licenses.
Beijing’s tightening measures, including proof that shipments won’t be used for military purposes and single-use licenses, have amplified uncertainty for international companies. The EU depends on China for nearly half of its rare-earth imports, leaving European firms especially exposed. With foreign business confidence already sliding, companies are warning of shortages by Q3, and the ECCC will brief EU policymakers next week as China prepares its next five-year plan.
Info via a CNBC report.
This article was written by Eamonn Sheridan at investinglive.com.Hence then, the article about china s rare earth export curbs hit european firms eur millions lost shortages looming was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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