Germany Open to ‘Joint Action’ to Secure Supply Chains: Minister
Summarize this article with:
Germany is open to taking “joint action” with international partners to bolster supply chains and ensure access to materials critical to manufacturing, Vice Chancellor and Finance Minister Lars Klingbeil said before departing for a two-day visit to the US.Author of the article:You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — Germany is open to taking “joint action” with international partners to bolster supply chains and ensure access to materials critical to manufacturing, Vice Chancellor and Finance Minister Lars Klingbeil said before departing for a two-day visit to the US.Subscribe now to read the latest news in your city and across Canada.Subscribe now to read the latest news in your city and across Canada.Create an account or sign in to continue with your reading experience.Create an account or sign in to continue with your reading experience.In Washington DC for the third time since taking office in May 2025, Klingbeil will attend a Group of Seven finance ministers meeting convened by Treasury Secretary Scott Bessent. The talks are expected to focus on critical raw materials and the security of global supply chains.Germany wants to “reduce dependencies and strengthen supply security” in this area, which is crucial for its economy, Klingbeil said in a statement.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.The gathering takes place as China wields its hold on the processing of so-called rare earths, used in electric vehicles, energy production and defense. Beijing triggered a panic across many industries in Europe last year after it set up an export license regime to oversee the shipping of some of the vital materials.Klingbeil also called on the US to respect the sovereignty and international law with regard to Greenland, which has become a flashpoint after US President Donald Trump renewed his demand to take over the self-governing island that’s part of the Kingdom of Denmark.“It is solely a matter for Denmark and Greenland to decide on the future of Greenland,” Klingbeil said. “Territorial sovereignty and integrity must be respected. These principles of international law apply to everyone — including the United States,” he said.Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.365 Bloor Street East, Toronto, Ontario, M4W 3L4© 2026 Financial Post, a division of Postmedia Network Inc. All rights reserved. Unauthorized distribution, transmission or republication strictly prohibited.This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.You can manage saved articles in your account.and save up to 100 articles!You can manage your saved articles in your account and clicking the X located at the bottom right of the article.