FRANKFURT (Reuters) -Germany's VDMA machinery and equipment manufacturers' lobby said on Monday it welcomed a push by the European Union to reduce the region's dependence on imports of critical raw
VDMA Urges EU to Ensure Access to Critical Magnets from China
VDMA's Call for Secure Magnet Access
FRANKFURT (Reuters) -Germany's VDMA machinery and equipment manufacturers' lobby said on Monday it welcomed a push by the European Union to reduce the region's dependence on imports of critical raw materials from China, urging for a particular focus on permanent magnets.
Importance of Raw Materials for Industry
In a statement, the association said the entire sector of European small and medium-sized industrial companies was dependent on access to raw materials.
Focus on Permanent Magnets
"Permanent magnets are a particular focus for the mechanical and plant engineering sector," it added.
(Reporting by Ludwig Burger, Editing by Friederike Heine)
