China tightens rare earth exports – could open up opportunities for Swedish impact companies
When China tightens rare earth metal exports, Swedish impact firms see an opening
When China now tightens its export of rare earth metals to Europe, it could open up opportunities for Swedish impact companies, according to Impact Loop's survey.
"The rude awakening for Europe is that we've been forced to ramp up our own production and start tackling this issue seriously," says Jakob Way, CEO of Nordic Bio-Graphite, to Impact Loop.
When China now tightens its export of rare earth metals to Europe, it could open up opportunities for Swedish impact companies, according to Impact Loop's survey.
"The rude awakening for Europe is that we've been forced to ramp up our own production and start tackling this issue seriously," says Jakob Way, CEO of Nordic Bio-Graphite, to Impact Loop.
The trade war between the US and China – between Donald Trump and Xi Jinping – continues. The latest move is that China is reportedly tightening its rules for exporting rare earth metals.
This is tough news for both the US and the EU, which need them for everything from household appliances to batteries, data chips and fighter jets.