mineral brokers

Archive for the ‘rare-minerals’ Category

Federal government wants to help

The EU has classified 14 mineral commodities critical because they have high economic importance, especially for the high-tech industry and involve both a high supply risk. The substances are: antimony, beryllium, cobalt, fluorite, gallium, germanium, graphite, indium, magnesium, niobium, platinum group metals, rare earth, tantalum and tungsten.
In most cases, there is a very high dependence on export markets such as China, Russia, Congo and Brazil. Many of these countries are considered as problematic in the political relations.

Federal Minister Rainer Brüderle (FDP) said yesterday at a conference of the BDI industry association, the government would now support the industry.

Brüderle will respond to G-20 level, the issue, promote recycling of raw materials and curb speculation in commodities. The main responsibility is to remain with the company.

The electric industry association ZVEI warns: “The situation could be close to some of our businesses,” said ZVEI chief economist Andreas Gontermann.