Published: July 13th, 2022,
Last updated: July 13th, 2022
Half of the magnesium processed in Germany comes from China. The dependence on China for rare earth elements is similarly high. And indirectly much higher, because the German industry is dependent on primary products from other EU countries, which obtain even more raw materials from the Asian world market leader. Nico Beckert analyzes why it is so difficult to get away from the proven supplier. As long as everything is fine on the global political stage, it doesn’t make sense to accept higher costs for diversification. The competition is not doing it either. A far-sighted risk management would be in order here.