FirstFT: China tightens grip on Europe’s auto supply chain

China's increased control over Europe's auto supply chain is reshaping global trade dynamics, as Beijing tightens its grip on key materials like lithium and rare earth elements, crucial for electric vehicles. This move underscores China's growing economic clout and its ability to influence global markets, raising concerns about supply chain vulnerabilities. While the broader implications are still unfolding, this shift could prompt European nations to reconsider their reliance on Chinese materials, potentially leading to new alliances and investment in alternative sources. For a more detailed analysis, check out the full article.