Deutsche Bank advises strategic raw material reserves

Frankfurt, Zurich According to Deutsche Bank, Germany and other European economies are too dependent on raw materials from a few countries for key technologies – and should therefore build up strategic reserves. “Uncomfortable dependencies in the supply chains must be reassessed against the background of geopolitical developments,” says a study by the bank, which is exclusively available to the Handelsblatt.

The experts are therefore calling for, among other things, new sources of supply, more recycling and the protection of reserves, not only for oil and gas.

“Geopolitically, the world could again fall into blocs, with the Western world on one side and countries like Russia and China on the other. The question of where Europe procures enormously important raw materials and where it has them further processed is therefore of growing strategic importance,” says Stefan Hoops, Head of Corporate Customers at Deutsche Bank.