Germany overhauls raw materials strategy to cut risky supplier ties
Germany is pushing for a major shift in how it secures raw materials. Economic Affairs Minister Katherina Reiche has stressed that a strong raw materials policy is vital for the country's future supply security and national resilience. The move comes as companies face growing pressure to reduce reliance on a handful of suppliers.
The push for change follows warnings about Germany's heavy dependence on a small number of suppliers, particularly authoritarian states. Peter Leibinger, president of the Federation of German Industries (BDI), has urged the government to introduce growth-driven structural reforms. These reforms would help companies adapt and expand their supply networks more effectively.
The new approach marks a significant change in Germany's raw materials strategy. By expanding partnerships with countries in South America and Africa, the government hopes to cut dependence on unstable suppliers. The success of the plan will rely on strong policy support, long-term contracts, and advances in recycling technology.
Read also:
- American teenagers taking up farming roles previously filled by immigrants, a concept revisited from 1965's labor market shift.
- Weekly affairs in the German Federal Parliament (Bundestag)
- Landslide claims seven lives, injures six individuals while they work to restore a water channel in the northern region of Pakistan
- Escalating conflict in Sudan has prompted the United Nations to announce a critical gender crisis, highlighting the disproportionate impact of the ongoing violence on women and girls.
