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The Chinese Ministry of Commerce (MOFCOM) has placed fourteen European firms on its export control list, which means that Chinese suppliers can no longer offer them dual-use goods for both civilian and military purposes, and no intermediaries can pass on Chinese-made goods. This is in response to the European Union's twenty-first package of sanctions against Russia, which was launched on Thursday. Brussels has targeted fourteen Chinese companies for allegedly assisting Moscow in circumventing regulations. A day later, China answered with the same figure. The primary concentration is on rare earth metals, which are utilized in magnets, sensors, optics, and radar. Three German corporations are Rheinmetall, a defense major, Sindlhauser, a materials provider, and Antraco, a chemical trading company. Three others are French: III-V Lab, a joint venture between Thales and Nokia; Cavok UAS drones; and InPact, a metallurgical firm. Two are Italian, and they have stronger ties to China than the list indicates. Lafert, an electric motor manufacturer, operates a plant in China that produces motors with neodymium magnets, which are rare earths. Garnet, situated in Concorezzo near Monza, has a subsidiary in Ningbo that deals with rare earth magnets; nonetheless, it is cut off from the source from which it created its company. None of the companies have responded. The only response comes from Brussels: the Commission is "analyzing the measures" and will ask Beijing for clarification. However, the continent's industrial plan is called into doubt. Europe has promised hundreds of billions of euros for rearmament. Rheinmetall alone forecasts €300 billion in orders by 2030. However, Commission President Ursula von der Leyen confirmed that China produces more than 90% of the continent's rare earth magnets.
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