US EditionEU to stockpile critical minerals amid geopolitical risks, FT says
- The European Union is preparing to establish reserves of critical minerals and essential supplies to mitigate the impact of escalating geopolitical and environmental threats.
- This effort follows a March strategy unveiling and arises amid increased sabotage incidents affecting underwater cables and pipelines, plus a deteriorating risk landscape.
- The Commission intends to create a coordinated stockpiling network, update regional essential goods lists, and encourage private sector involvement via tax incentives and NATO collaboration.
- A draft document highlights that the EU faces escalating geopolitical tensions, climate change challenges, and cyber threats, with a warning from Germany’s military chief that Russia may carry out an assault on an EU country in the next four years.
- These stockpiling plans aim to enhance EU resilience against crises such as war, supply chain breakdown, and natural disasters, while emergency preparedness will feature in upcoming budget proposals.
29 Articles
29 Articles
EU to stockpile critical minerals amid geopolitical risks, FT says
The European Union plans to stockpile critical minerals as a precaution against potential supply disruptions due to geopolitical tension, the Financial Times reported on Saturday, citing a draft document by the European Commission.
The European Commission is calling on EU Member States to create stocks of critical resources in case of crises.
Europe is facing a turnaround in security policy: more money is to strengthen defence, but budget alone is not enough to compensate for empty camps, complicated chains of command and a lack of preparedness for military action.
EU Prepares To Hoard Critical Supplies Because Of War Risk & Climate Change
The EU is planning to build an emergency stockpile of key supplies due to mounting threats. According to a report in the Financial Times on Friday, the bloc’s new stockpile strategy aims to prepare for [...] The post EU Prepares To Hoard Critical Supplies Because Of War Risk & Climate Change appeared first on The People's Voice.
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