Germany, one of the biggest importers of raw materials in the world, is mulling plans for a raw materials corporation to secure access to key commodities to safeguard secure supplies and eradicate market volatility. BDI, the country’s industrial association, is studying options whereby companies, such as Siemens (NYSE:SI), Daimler (ETR:DAI) and ThyssenKrupp (ETR:TKA), would invest jointly in foreign commodity projects to ensure that Europe’s biggest economy has safe and stable access to raw materials, Reuters reported in a story last month.
by Karan Kumar
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