Europe’s answer to Inflation Reduction Act could force shift in facilities and supply lines that few firms can afford
Beset by China’s dominance of the world’s rare earths market, the Russian invasion of Ukraine and the normalization of protectionist trade policies in the U.S., the European Commission is expected to present the details of the Critical Raw Materials Act (CRMA) on March 14.
But this effort to boost European autonomy will likely cause headaches for South Korea as it still learning to adjust to new vehicle and chip restrictions in the U.S. market.
Beset by China’s dominance of the world’s rare earths market, the Russian invasion of Ukraine and the normalization of protectionist trade policies in the U.S., the European Commission is expected to present the details of the Critical Raw Materials Act (CRMA) on March 14.
But this effort to boost European autonomy will likely cause headaches for South Korea as it still learning to adjust to new vehicle and chip restrictions in the U.S. market.
Get your
KoreaPro
subscription today!
Unlock article access by becoming a KOREA PRO member today!
Unlock your access
to all our features.
Standard Annual plan includes:
-
Receive full archive access, full suite of newsletter products
-
Month in Review via email and the KOREA PRO website
-
Exclusive invites and priority access to member events
-
One year of access to NK News and NK News podcast
There are three plans available:
Lite, Standard and
Premium.
Explore which would be
the best one for you.
Explore membership options
© Korea Risk Group. All rights reserved.
No part of this content may be reproduced, distributed, or used for
commercial purposes without prior written permission from Korea Risk
Group.
SHARE
COPY LINK
X
MASTODON
