Despite China issuing some export licenses for rare earth materials, particularly to firms serving European clients, approvals remain sluggish and insufficient to meet growing demand. The delay is causing widespread concern among manufacturers across Europe. “The window to avoid significant damage to production in Europe is rapidly closing,” said Wolfgang Niedermark, board member of the Federation of German Industries, in a statement to the Financial Times. Volkswagen confirmed that its German plants had received limited rare earth supplies, noting that only a few licenses were granted
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