2023-08-01 17:39:18
Elements of Gaul and Germany
Around 60 percent of the mine production of rare earths takes place in the People’s Republic of China.
(Photo: Reuters [M])
Frankfurt, Düsseldorf Behind walls two meters thick in the east of Frankfurt there is a labyrinth of corridors and storage rooms that are filled to the ceiling with crates and bins. White labels with Chinese characters or the inscription “Made in China” are evidence of a long delivery route.
What is stored here in this former World War II bunker is the key to the German energy transition: metals that belong to the rare earths. Praseodymium, neodymium, terbium, dysprosium – they all have magnetic properties. Without them, no windmill, no electric motor, no mobile phone runs.
The Frankfurt medium-sized company Tradium, which turned over 125 million euros last year, has been trading in these metals since 1999, just like its Berlin competitor Noble Elements, which entered the trade in 2014 and operates an 800 square meter warehouse in Berlin-Tegel.
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