Germany says severely hit by rare earth scarcity

BERLIN, Oct 26 (BestGrowthStock) – Germany is severely hit by the
global shortage of rare earths, and the government should guard
against speculation in raw materials, Economy Minister Rainer
Bruederle said on Tuesday.

“We are severely affected when it comes to energy resources
and … rare earths which are growing scarce,” he said at a raw
materials conference in Berlin.

“When speculation is rife, you lose the foundation in the
economy,” he said. “And that is detrimental for the producing
industries. Pricing frameworks must remain on our agenda.”
(Reporting by Juliane von Reppert-Bismarck)

Germany says severely hit by rare earth scarcity