In a boost for Europe's technology and green energy sectors, China has approved a series of rare-earth export applications to the continent, signaling a commitment to keep global production lines humming.
At a regular press conference on Thursday afternoon, the Chinese mainland's Ministry of Commerce spokesperson He Yadong said, "China has always attached great importance to maintaining the stability and security of global production and supply chains." This move comes as industries from electric vehicles to wind turbines depend on critical metals like neodymium and dysprosium.
By greenlighting these shipments, China aims to ease concerns over resource bottlenecks and support Europe's transition to clean tech. Industry insiders say the decision could help stabilize prices and reassure manufacturers racing to meet rising demand for smartphones, batteries and renewable energy projects.
Looking ahead, observers will watch for further approvals as global markets adjust. For now, Europe's factories and innovators can breathe a little easier, knowing that vital materials are on the way.
Reference(s):
China approves certain rare-earth export applications to Europe
cgtn.com
