European firms still can’t easily get Chinese rare earths, says business lobby

China dominates the global industry to extract and improve strategic minerals, giving it vital influence in a renewed trade war this year with Washington.

Since April, Beijing requires licenses for some exports, sending ripples across the manufacturing sectors around the world.

After a tense summit in July hosted by Beijing, European Union president Ursula von der Lin said that the leaders have agreed to improve a mechanism for the Chinese export of rare ground minerals to the mass.

But in the annual function paper released on Wednesday, the European Union Chamber of Commerce in China said that “many companies-especially small and medium-sized companies (SMES)-are still suffering from major disturbances in the supply chain.”

“No long -term sustainable solution has been offered,” he said, adding that the room is in a “regular contact” with the Chinese authorities in this regard.

“We have a number of members who are now suffering from significant losses due to these bottlenecks,” the head of the room, Jens Esclett, told reporters.

He said: “We grew up with our members more than 140 requests, which is a small part of these so far.”

“So this did not disappear.”

In its latest publications, the lobby, which represents more than 1,600 member companies, made 1141 recommendations for Chinese policy makers, which aims to homogeneous many obstacles facing European companies in the country.

The main Esclett of these obstacles this year said that the hesitant Chinese economy has struggled to confirm a strong recovery since the end of the Kofid 19.

Slow consumption, manufactured mandate and long problems in the country’s broad real estate sector are among the main challenges that now with Beijing Policy and Companies.

In a sign of the established problems facing the second largest economy in the world, the data released this week showed the factory production and consumption in August at the weakest pace of about a year.

“I actually see a greater rapprochement in terms of the challenges facing Chinese companies and the challenges facing foreign companies,” said Escletord.

He said: “The big enemy here-and this is the state of the local economy and the balance between demand.”

“I think we see completely with the vast majority of Chinese companies.”