Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-756-500"
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"en.20110308.31.2-756-500"2
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"We have recently started to become increasingly aware of the fact that rare earth elements are of decisive importance for technological applications and of fundamental importance for the development of environmentally-friendly technologies such as wind turbines, hybrid vehicles, etc. It should be noted that their extraction is extremely complicated. EU industry is entirely dependent on imports of rare earth elements from China, which has a virtual monopoly in this area, since it controls 97% of global production. China possesses 36% of confirmed global reserves of rare earth elements and 59% of estimated total reserves and, at the same time, is endeavouring to conclude bilateral agreements in order to secure proven reserves throughout the world. EU industry lacks access both to rare earth elements as raw materials, and to the expert scientific and industrial knowledge needed to process them. Furthermore, while global demand for rare earth elements is still growing, China has announced drastic cuts to its exports, as vividly described by a group of Japanese experts during a very interesting presentation they made when visiting the European Parliament in February 2011. In connection with the unquestionable need for exploitation of rare earth elements by industry in the EU Member States and the need for research into them, I would call for dialogue with the People’s Republic of China on increasing exports of these raw materials and for our efforts to be focused on searching for alternative sources for their extraction."@en1
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