Germany Faces €115 Billion Risk Due to Raw Material Dependence

A new study highlights Germany's increasing reliance on Chinese lithium imports, threatening industrial output.

The Bundesverband der Deutschen Industrie (BDI) warns that a halt in Chinese lithium exports could lead to a €115 billion loss in industrial value creation.
Germany imports 50% of its lithium products from China, a significant increase from 18% in 2014, raising concerns about the country's economic vulnerability.
The automotive industry is particularly at risk, as lithium is crucial for electric vehicle battery production.
The BDI study suggests diversifying supply sources and enhancing domestic raw material processing to mitigate risks.
Recycling technologies and a circular economy are recommended as strategies to reduce dependency on critical raw materials.