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European Parliament votes for package of measures to secure critical raw materials and independence from China.
The European Union is voting for more independence from third countries for critical raw materials such as lithium and silicon. A package of measures is intended to make the EU more independent of countries like China by allowing individual third countries to supply no more than 65 percent of the EU-wide requirement for important raw materials. According to a report from www.derstandard.de, analysis of the impact The European Union's decision to increase its self-supply of critical raw materials is expected to have far-reaching effects on the market and the financial sector. By limiting the EU-wide demand for important raw materials from individual third countries to a maximum of 65 percent, competition on the market for critical raw materials...
European Parliament votes for package of measures to secure critical raw materials and independence from China.
According to a report by www.derstandard.de,
Impact analysis
The European Union's decision to increase its supply of critical raw materials is likely to have far-reaching effects on the market and the financial sector. By limiting the EU-wide demand for important raw materials from individual third countries to a maximum of 65 percent, competition on the market for critical raw materials is expected to increase. This could lead to changes in the prices of these raw materials at both global and EU levels.
Market Impact
The EU's increased self-sufficiency in critical raw materials could lead to changed trade relations with important supplier countries such as China. This could lead to new trade agreements and increased cooperation with other supplier countries. Furthermore, companies active in the extraction and processing of critical raw materials could benefit from the new regulations by opening up new sales markets in the EU.
Financial industry
In the financial sector, increased self-sufficiency in critical raw materials could lead to changes in investment behavior. If companies invest more in the extraction and processing of critical raw materials in the EU, investment opportunities for investors could also change. In addition, a change in the prices of critical raw materials could impact commodity funds and other financial products that include these raw materials.
Read the source article at www.derstandard.de