Germany looks to cut its reliance on China with a new $2.2 billion commodities fund

• Germany plans to set up a $2.2 billion fund to support domestic raw material production, per Bloomberg.
• The fund will help the country secure more of its own commodities and cut its reliance on China.
• Russia's invasion of Ukraine made it clear how dependent Germany was on Russia for natural gas.

Germany aims to set up a fund worth up to $2.2 billion to support domestic production and mining of raw materials and cut off its reliance on China, according to a Wednesday Bloomberg report.