China extends the olive branch to Western car giants

It seems that China and European auto giants offer notier an increase in production threats over a rare land deficiency.

China’s Ministry of Trade on Saturday gossip The European Union was ready to establish a so-called “green channel” for the appropriate export license applications to accelerate the confirmation process.

The Ministry of Commerce spokeswoman, Wang said that the EU would receive “interaction steps” and the EU would take measures to trade in accordance with high-tech products and high-tech products.

Last week, the French trade commissioner in Paris in Paris is coming after trade talks between Maros Sefjovic after trade talks.

Beijing also gave the suppliers of US car giants, rare land licenses General Engines, Ford and jeep maker Stellantis, Reuters reported On Friday, with reference to non-disclosed sources. The report said that the Chinese Ministry of Trade did not respond to a fax for commentary. CNBC contacted GM, Ford and Stellantis.

The Ministry of Trade of Trade has introduced the export restrictions in several rare land elements and magnets, which are widely used in the automotive, defense and energy fields in early April. The speeds were part of the US President’s response Donald TrumpTariff increase in Beijing products.

Some of the affected rare land elements were critical components to the production of combustion engines and electric vehicles.

The German Chamber of Commerce and Maximilian Busec, a member of the board, said that the announcement of the weekend announcement is a suitable news for European enterprises, but the rapid road canal was widely used in large-scale firms or sectors.

“They are a great bureaucratic monster and really need to accelerate the process and those who need licenses,” Busek told CNBC “European Early Edition“Monday.

Europe’s best car will welcome a diplomatic leash, emphasizing the need to improve the diversification of the supply chain of the European block.

“All surprisingly, China is ready to draw this card, this card is ready to draw this card, we are in the intersection of the escalation of this trade, and this is what we want to be really.

“It is not enough to announce it, but they should show it,” he said.

While China undisputed leader Critical mineral supply chain accounting For about 60% of the world’s rare land minerals and materials. US officials have before notier This advantage, more sustainable energy sources, said he created a strategic problem between the pivot.

Some analysts compared a wide range of exposure to rare earth magnets Global semiconductor crisis He broke the production of car during the coronavirus pandemic.

Speaking to CNBC in China, after planning to accelerate the approval of rare land exports to the EU, the European Automobile Producers Association (ACEA) said that some members have been under the risk of production from the next month.

Car lobby group representing Stellantis Likes, Renault, Ferrari, Volkswagen And Volvo, the Ministry of Commerce of the Ministry of Commerce has allocated the “significant” time to process the export licenses, the April limits have been taken into force.

“In general, global stocks of these magnets are quite low.

“Gradually, we enter a very critical mother, and potentially continue to gain potentially, because it is already running out of these shares.”

ACEA’s warning followed separately Terrible update From the European Car Suppliers Association.

Last week, the group, several auto supplier plant and production lines have been closed several auto supplier plant and production lines due to the latest export restrictions, said the expected more results for rare land resources in the coming weeks, he said.

Japanese car Suzuki motorHowever, the ceasefire of the car rapidly by China’s rare land plots, Reuters declare Thursday, two names asked the unnamed source. While a Motorian spokesman, a motorized spokesman, did not respond to a request for comment.

Demand for rare lands and critical minerals is expected grow up exponentially In the coming years Clean Energy passage collects pace.