German firms to pool commodity procurement - report

Newswire

FRANKFURT, Sept 21 (Reuters) - German industrial companies are planning to set up a procurement trust to guarantee access to key commodities, German monthly Manager Magazin reported.

The magazine cited from a document entitled "Alliance to Secure Raw Materials" drawn up by industrial lobby group BDI that maps out the creation of a "globally active profit-oriented raw materials corporation".

The founding companies are keen to secure access to rare earth metals, tungsten ...

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