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These sources indicate that the EU is quietly acknowledging that in the short term, it is unlikely to be able to pressure China into easing its export restrictions on key rare earth elements. This is because such restrictions have already caused significant problems for European industries, especially in the automotive and defense sectors.
EU officials have told member states that their efforts to diversify suppliers away from China are proving difficult, and the EU's strategies aimed at securing its economic stability have not yet produced any meaningful outcomes.
In recent days, talks between the EU and China on rare earth materials have not made much progress. At the same time, the EU is considering issuing general licenses for the supply of rare earth metals to a select group of buyers. However, the sources note that these discussions will take time, and the EU will still rely on decisions made by Chinese authorities.
The sources also mention that any compromises made by China in response to the EU's requests will likely be tied to Beijing's own priorities. For instance, China might ask the EU to partially ease its own export restrictions.
On October 9, China significantly increased its control over the export of crucial minerals, as a reaction to the United States' expansion of export controls on advanced technologies in late September.
source: bloomberg.com
EU officials have told member states that their efforts to diversify suppliers away from China are proving difficult, and the EU's strategies aimed at securing its economic stability have not yet produced any meaningful outcomes.
In recent days, talks between the EU and China on rare earth materials have not made much progress. At the same time, the EU is considering issuing general licenses for the supply of rare earth metals to a select group of buyers. However, the sources note that these discussions will take time, and the EU will still rely on decisions made by Chinese authorities.
The sources also mention that any compromises made by China in response to the EU's requests will likely be tied to Beijing's own priorities. For instance, China might ask the EU to partially ease its own export restrictions.
On October 9, China significantly increased its control over the export of crucial minerals, as a reaction to the United States' expansion of export controls on advanced technologies in late September.
source: bloomberg.com
