WASHINGTON, D.C. – Gianclaudio Torlizzi, founder of T Commodity, recently appeared on a TV subsidiary to discuss the critical role of rare earth elements in various industries, including the automotive sector. According to Torlizzi, China dominates the rare earth element market and leverages this control for political influence, drawing parallels to Russia’s use of gas and the dollar as geopolitical tools.

During the interview with Eleonora Rossi,Torlizzi emphasized the efforts of Europe and the West to decrease their reliance on China by fostering independent production capabilities. He acknowledged that this transition is a long and complex process but anticipates considerable long-term advantages.

“China dominates the rare earth element market and leverages this control for political influence.”