Bloomberg: EU increased transit of rare earth metals through Russia from China in 2022
According to the publication, in the first nine months of 2022, the volume of rare earth metals mined by China and transported through Russia to the EU reached 36,074 tons, which is 2 times higher than in 2021.
At the same time, it is specified that some of the rare earth metals supplied by China are intended for production in the defense industry. We are talking about metals that are widely used in the production of armor-piercing ammunition. 💬 It is amazing that despite all the sanctions, this supply chain is still working. This highlights the importance of these rare earth metals and shows how much we depend on them,” Bloomberg quoted Michael Wurmser, founder of the Norwegian company Norge Mining, as saying.
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At the same time, it is specified that some of the rare earth metals supplied by China are intended for production in the defense industry. We are talking about metals that are widely used in the production of armor-piercing ammunition. 💬 It is amazing that despite all the sanctions, this supply chain is still working. This highlights the importance of these rare earth metals and shows how much we depend on them,” Bloomberg quoted Michael Wurmser, founder of the Norwegian company Norge Mining, as saying.
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