Germany looks to Mongolia in push for critical raw materials
Germany wants to expand investment in Mongolia to help secure strategically important raw materials including copper and rare earths, according to Chancellor Olaf Scholz.
The East Asian nation sandwiched between Russia and China can be a reliable partner for Germany as it seeks to diversify suppliers and guarantee access to the materials it needs in areas like battery and chip production, Scholz said Friday after talks with Mongolian Prime Minister Oyun-Erdene Luvsannamsrai in Berlin.
“What is important now is that very concrete projects are identified where cooperation can be taken forward,” Scholz told reporters at a joint news conference. Germany wants “many good partners around the world” as it looks to avoid “placing all of its eggs in one basket,” he added.
Major economies like Germany are competing fiercely for increasingly scarce resources and access to metals and rare earths is crucial for their climate and digital transitions.
Vladimir Putin’s invasion of Ukraine has also been a wake-up call for Germany, which built up a heavy reliance on imports of Russian fossil fuels in recent decades and is now seeking to diversify suppliers of the materials it needs to keep its economy running.
European Commission President Ursula von der Leyen said last month that commodities like lithium and rare earths will soon be more important than oil and gas.
She predicted that EU demand for rare earths alone -- which are used in anything from electric motors to wind turbines and portable electronics -- will increase fivefold by 2030.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Iritron delivers advanced automation, control, and optimisation solutions to the Mining, Minerals & Metals, Consumer Package Goods and...
VISIT SHOWROOM
For over 15 years, Lilak Aluminium, a trusted leader in architectural extrusion supply, has delivered excellence to businesses like yours.
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
