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Can the EU counter China's rare-earth chokehold by developing new mines and processing plants? "The EU has done the analytical work to identify projects, but we do not have the framework to make sure those are viable against state-sponsored Chinese competition," said Joris Teer to The Economist.
China can adopt economic measures freely and instantly, while the EU is bound by the need for a supermajority among 27 members and slowed down by bureaucracy. Referring to trade negotiations with America and China, Joris concluded that, "we sent Ursula von der Leyen twice with a knife into a gunfight."