VDMA Urges EU to Ensure Access to Critical Magnets from China
VDMA's Call for Secure Magnet Access
FRANKFURT (Reuters) -Germany's VDMA machinery and equipment manufacturers' lobby said on Monday it welcomed a push by the European Union to reduce the region's dependence on imports of critical raw materials from China, urging for a particular focus on permanent magnets.
Importance of Raw Materials for Industry
In a statement, the association said the entire sector of European small and medium-sized industrial companies was dependent on access to raw materials.
Focus on Permanent Magnets
"Permanent magnets are a particular focus for the mechanical and plant engineering sector," it added.
(Reporting by Ludwig Burger, Editing by Friederike Heine)
