China is continuing heavily captured rare

Beijing -Beijing still does not give foreign companies access to critically necessary rare land, reports the European Trade and Promised House in China.

At least one member lost “millions of euros”, as a result, ECC journalists said on Monday.

Almost 25-year-old business organization refused to share the name of the affected company, but stated that other members still did not have clarity in the consistent process of access to minerals.

Rare land is a category of minerals that are crucial for the withdrawal of products from cars to semiconductors. China controlled more than 69% of rare land production in 2024, and almost half of the world, reports US Geological Service.

Beijing used this control in trade negotiations with the US and other partners. Since the end of last year in China there is increased its restrictions During the export of rare land, even demanding evidence that they will not be used for military purposes. China has started issuing a single use license to exports after trading in the US

Press -Secretary of the German Automobile Volkswagen He said that “deliveries of details containing rare land is stable and we do not experience a shortage. Our suppliers are constantly working with their subcontractors to get the necessary export licenses.”

But the ECC said that after a pickup in the approval in June and July, members reported increasing problems in receiving export licenses. The business group also emphasized that the licenses are still not guaranteed permanent access to rare land, increasing uncertainty for business.

Almost half of the import of the rare EU Earth came from China Last year and then Russia and Malaysia, the block reports.

Harving the Rare Earth Access Restriction is the latest problem for the international business that has been in the midst of China’s participation tensions.

Co-confidence in China has fallen since Covid-19, when pandemic restrictions violated the supply chains-domestic economy remained sluggish, tightened by reducing real estate and excessive power in industrial sectors.

Last week, the US Chamber of Commerce in Shanghai said his poll from May and June showed that the confidence of the enterprises about the next five years reached a new minimum. The study also found that almost half of the respondents – the highest records – had An distracted investment It is planned in China to other regions, primarily Southeast Asia.

European and American business have prevent Rare land deficiency would hit the third quarter except failure Prior to production earlier this year.

ECCC said he plans to meet with the European Union politicians next week in Brussels to update their business situations. He also published his annual position on Wednesday, which included several recommendations for China as the country is preparing its next five -year plan.

The House urged Beijing to consider ways to correct the root causes of excessive production and to give the private sector a greater role in large fields, such as health care, where government agencies usually keep a large drop in China.

This week, ECCC President Jens Eskelund told reporters that in recent meetings of the House with the Chinese Ministry of Commerce, the conversation focused on rare land.

China’s major leaders are scheduled to meet in October to discuss the development goals for 2026 to 2030. Beijing teaches similar plans every five years. The 14th version, launched in 2021, ends at the end of this year, from the 15th, starting next year.

European enterprises will closely monitor this meeting, as China is the second largest EU goods partner with trade, which is € 732 billion in 2024.

Looking back at such plans, including “Made in China 2025”, “all these things we fight (s) are now largely the result of the choice of politics,” Eskelund said. “That is why these plans are actually important … They certainly set the direction.”

– Sam Mredite CNBC contributed to this report.