# Volkswagen ready to act amid China metal export curbs
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-07-06
Category: Uncategorized
Category URL: https://financedigest.com/category/uncategorized
Meta Title: Volkswagen Prepares for Action Amid China Metal Export Curbs
Meta Description: Volkswagen is ready to take action amid China's metal export curbs, closely monitoring the raw materials market and preparing measures if necessary.
URL: https://financedigest.com/volkswagen-ready-to-act-amid-china-metal-export-curbshtml

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# Volkswagen ready to act amid China metal export curbs

(Reuters) – Volkswagen on Thursday said it was monitoring the situation on the raw materials markets after China announced it would control exports of some metals, adding that it was “ready to take measures together with its partners if necessary”.

China’s commerce ministry said earlier this month it would require export permits for eight gallium products and six germanium products from August 1 to protect national security.

A Volkswagen spokesperson told Reuters that gallium and germanium were important resources for automotive products and played a role in future autonomous driving functions.

(Reporting by Jan Schwartz, Writing by Anna Mackenzie, Editing by Friederike Heine)


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