Europe in the Rare Earth Trap

Europe in the Rare Earth Trap

Rare earth elements have become geopolitical dynamite. According to a new analysis by consultancy McKinsey…

www.americanthinker.com

By Thomas Kolbe

Rare earth elements have become geopolitical dynamite. According to a new analysis by consultancy McKinsey & Company, up to four million jobs in Germany are on the line if top supplier China imposes a permanent export ban.

These critical minerals are indispensable to Germany’s high-tech economy: they’re used in precision sensors, specialized magnets, and control systems essential to engineering, defense, communications, and aerospace. Without them, a significant share of the country’s industrial value creation would grind to a halt.

McKinsey’s analysis, cited by Handelsblatt, puts the risk in stark numbers: one million jobs in core technology sectors could be directly threatened if supply lines collapse. These industries generate about €150 billion in annual value added — the beating heart of German innovation and manufacturing…

READ FULL ARTICLE HERE… (americanthinker.com)

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