Senard says EU hasn’t assessed dependence on Chinese metals
Alludes to China’s new gallium, germanium export restrictions
Assembled Renault automobiles at the end of the production line in Novo Mesto, Slovenia.
Photographer: Oliver Bunic/BloombergRenault SA’s Jean-Dominique Senard says Europe hasn’t woken up to the risk that China cuts off raw material supplies, something which keeps the chairman of the French automaker up at night.
“Of course it wakes me at night — it’s a major strategy issue: we can end up in an insane situation overnight, and no one has anticipated this,” he said on the sidelines of a conference in Aix-en-Provence, adding that the European Union hadn’t assessed the impact of the continent’s dependence on Chinese metals.