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Jorg Wuttke

Jorg Wuttke

Sep 23, 2026

32:23
How do we prioritize?
32:25
Yeah.
32:25
Well, I think that for the European Union, the idea has to be, and I was trying to allude to your industrial policy question, Andrew, there has to be a protective and defensive element in there, but very targeted.
32:39
So we don't fall into, this is China, that's security, that's closed borders, you know.
32:44
That makes us complacent, that makes us internationally not competitive.
32:47
So we have to sort of really get scientific about this and find where's the damage, how big is the damage, and then act upon it, you know.
32:54
I think Europe has done a good job in 2024 in September by outlining what kind of stacked up subsidies the EV cars had.

5 MINS LATER

38:02
Where you think Europe should, I mean, is it the rare earths should be a little bit harder on really focusing in on EU self-sufficiency in certain areas? Anything you can point to there that you think differently about?
17:03
And I believe that the International Energy Agency have said that the West would need to invest something like $60 billion in order to produce rare earths to compete with China.
17:16
They would make it cheaper than the Iran war, so it should be feasible.
17:20
We have rare earths all over the place.
17:22
Yes, some of them have more in China, but our bottleneck is the refining capacity.
17:29
We lack the technology, and we lack the willingness to say, okay, a lot of nuclear waste comes out of this process, a lot of chemistry is needed, which is toxic, and it doesn't look well.
17:42
China accepted this, and that's why Inner Mongolia has these lakes of chemistry, which is polluting huge chunks of Inner Mongolia.
17:51
But we did not accept this.
21:24
Do they know that it's part of the process?

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