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Standoff between China and EU over supply of chips for car industry underlines value of sector requiring huge financial investment
Keir Starmer has announced a critical minerals and rare earths strategy to build resilience against China, which has a stranglehold on supplies of materials including magnets critical to everything from car doors to fridges.
“For too long, Britain has been dependent on a handful of overseas suppliers, leaving our economy and national security exposed to global shocks,” the prime minister said.
Source: www.theguardian.com
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