China remains Germany's main supplier of rare earths--China Economic Net

Latest News China remains Germany's main supplier of rare earths Last Updated: 2023-01-25 09:44 | p p p BERLIN, Jan.For some of the rare earths, the share was even higher.As the world's largest producer of rare earths, China accounts for three-quarters of all imports globally, according to the German Institute for Economic Research (DIW Berlin).With demand for rare earths in the EU expected to increase fivefold by 2030, Europe is planning to strengthen domestic production, processing and recycling through the Critical Raw Materials Act.

Earlier this month, the largest known deposit of rare earths in Europe, around one million tons, was discovered in Kiruna, northern Sweden.So far, no rare earths are being mined in Europe.