Core Points - The EU is facing a severe shortage of rare earth magnets, impacting European companies significantly, as highlighted by the EU ambassador to China, Jorge Toledo [1] - China's new regulations require rare earth companies to report technical personnel and impose travel restrictions, indicating a strategic move to strengthen its control over rare earth resources [5] - The European automotive supply chain is under pressure due to the shortage of rare earth magnets, with some suppliers halting production and inventory levels critically low [3] Group 1: EU's Concerns and Responses - The EU has set a 30-day deadline for China to address the rare earth magnet export issue, reflecting the urgency of the situation [1] - The European automotive sector is experiencing production halts due to the shortage of rare earth magnets, with some companies having only 2 to 4 weeks of inventory left [3] - The EU's reliance on Chinese supply chains is juxtaposed with its attempts to exert pressure on trade rules, creating a complex relationship [3][6] Group 2: China's Strategic Moves - China controls over 60% of global rare earth production and 92% of refining supply, giving it significant leverage in the market [5] - The new regulations from China are seen as a long-term strategy to manage its rare earth resources and technology, moving from material export to technology control [5] - China's dual strategy of strict compliance and combating smuggling aims to balance strategic security with global supply chain stability [5][6] Group 3: Broader Implications - The EU's Critical Raw Materials Act aims for 10% domestic rare earth mining and 40% domestic processing by 2030, but faces challenges due to a lack of core technology outside of China [6] - The EU's trade policies, including tariffs on electric vehicles and restrictions on public procurement from Chinese companies, reflect a protectionist stance while simultaneously seeking cooperation [6] - The ongoing dialogue between EU leaders and China may influence the future dynamics of this resource competition, emphasizing the need for mutual understanding and strategic trust [6]
欧盟只给30天时间,要求中方放开稀土出口,话音刚落,中方宣布新禁令
Sou Hu Cai Jing·2025-07-01 11:19