Batteries for electric cars make lithium a coveted raw material The lack of raw materials has put pressure on supply chains. A latest survey concluded that Germany is currently experiencing the most severe shortages of nine minerals, seven of which mainly come from China. 9 raw m

2024/05/2015:33:35 science 1369

Batteries for electric cars turn lithium into a coveted raw material

The lack of raw materials is putting pressure on supply chains. A latest survey concluded that Germany is currently experiencing the most severe shortages of nine minerals, seven of which mainly come from China.

The 9 raw materials Germany is most lacking

Renewable energy, batteries or robotics – many of Germany’s key technologies rely on imported raw materials. "Action is urgently needed to establish crisis-proof supply chains for nine key minerals," Lisaandra Flach, head of the Center for Foreign Trade Ifo, concluded in a report published Thursday by her economic research institute.

This 9 The key minerals are cobalt, boron, silicon, graphite, magnesium, lithium, niobium, rare earths and titanium. The expert said: "More supply sources are needed here to make the supply chain more resistant."

of the 59 particularly critical raw materials mainly come from China

The research report pointed out that supply chain disruptions will affect these 9 raw materials. Said it was particularly problematic. The reason: Sources to replace existing supplies take a long time to develop. This is a lesson learned from supply shortages caused by crises such as the global pandemic and the Russia-Ukraine conflict. The data shows that for 7 of these 9 particularly critical raw materials, China is one of the largest sources of supply in the global market; for some raw materials, China even has a monopoly on the market.

This shows that Germany needs to strengthen its existing trade relations with other countries as soon as possible, such as importing rare earth elements from Thailand and Vietnam, and importing other key raw materials from Argentina, Brazil , the United States and Australia. Foreign trade expert Flach said that for most of the 23 key raw materials investigated in the study, Germany needs to take measures to improve the resistance of the supply chain.

Expanding raw material development within the EU

The German Chamber of Commerce and Industry (DIHK) believes that better EU-wide coordination will unlock potential, both in terms of strategies for better distribution of raw materials within the EU and in terms of unified trade policies externally. : "Many EU member states have potential in the supply of key raw materials," said Volker Treier, DIHK's head of foreign trade. "It is therefore necessary to expand the extraction and processing of raw materials within the EU."

In addition, the EU must quickly help companies in the EU through trade and investment agreements Uncovering new and sustainable sources of raw materials globally. In particular, the agreements with the Mercosur countries in South America, as well as the agreements with Indonesia and India, are relevant and should be concluded quickly.

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