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EU May Trade Sanctions with China for Critical ASML Supplier
The European Union is reportedly considering a sanction exchange with China to end restrictions on Sindlhauser Materials GmbH, a German company vital to ASML's production that faces closure due to a lack of rare earth minerals. In return, the EU would lift penalties on a Chinese entity accused of assisting Russia in its conflict with Ukraine. According to Bloomberg, this potential arrangement was a topic of discussion during EU Commissioner Maroš Šefčovič's visit to Beijing.
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