China’s stricter export rules could open doors for Swedish materials companies eyeing batteries
As China tightens exports of rare earth metals to Europe, Swedish materials companies see an opportunity
When China now tightens its export of rare earth metals to Europe, it could create new opportunities for Swedish materials companies in batteries and green energy, according to Energy Loop's survey.
"The cold shock – or awakening – for Europe is that we have been forced to ramp up our own production and start taking this seriously," says Jakob Way, CEO of Nordic Bio-Graphite.
When China now tightens its export of rare earth metals to Europe, it could create new opportunities for Swedish materials companies in batteries and green energy, according to Energy Loop's survey.
"The cold shock – or awakening – for Europe is that we have been forced to ramp up our own production and start taking this seriously," says Jakob Way, CEO of Nordic Bio-Graphite.
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 and batteries to data chips, fighter jets, and solar panels.