Raw Materials
Prominent investors target German raw materials
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Foreign investors like Real Madrid president Florentino Pérez and former Bolivian president Gonzalo Sánchez de Lozada are involved in extracting critical raw materials in Germany. Despite the boom, there are no rules ensuring the resources benefit the EU economy. Economists call for greater state control over exports.
Companies may now drill for critical raw materials such as lithium and manganese in large parts of Lower Saxony. The permit area 'Hannover-Süd' includes Marienburg, the filming location for the Amazon Prime series 'Maxton Hall'. The CDU is calling for a protection status for tourism interests.
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Germany's Federation of Industries (BDI) accuses the federal government of acting too slowly in securing critical raw materials such as lithium and copper. It lacks a clear strategy to reduce dependencies on countries like China. The association calls for more investments and faster measures.