Europe is 98% dependent on China for permanent magnets.
FRATELLI D' ITALIA · ECR
5 verified claims
Europe is 98% dependent on China for permanent magnets.
90% of rare earths are controlled by China.
The European automotive sector has already lost 200,000 jobs.
95% of the wafers needed for photovoltaics are produced in China.
96% of heat pumps for homes are produced in China.