US EditionEU moves to break dependence on China for rare earths
The EU plans to invest €3 billion in mining, refining, recycling, and stockpiling projects to reduce reliance on China, which controls over two-thirds of rare earth production.
- Brussels aims to reduce Europe's dependence on China for rare earths and curb exports of related scrap to boost recycling within Europe.
- The EU will allocate nearly €3 billion to fund strategic projects in mining, refining and recycling rare earths in Europe and partner countries.
- The EU plans to leverage its economic power and restrict exports of aluminium waste to promote open but secure trade with partners.
50 Articles
50 Articles
EU unveils €3B plan to counter China’s rare earths grip
The European Union announced a new plan on Wednesday to secure critical mineral supplies as countries grow increasingly concerned over China’s market stranglehold and its willingness to weaponize it.Both the EU and US have found themselves vulnerable to Beijing’s leverage over critical minerals, essential for some semiconductors, batteries, and weapons, and while that risk pushed Washington to sign a string of bilateral deals with mineral-rich n…
The European Commission wants to reduce its dependence on key raw materials and rare earth metals from China. These materials are essential for manufacturing products like batteries and chips, but also for defense equipment and medical devices. The Commission has now presented a plan to reduce this dependency in the coming years. Essentially, according to the Commission, the EU needs to do three things: source more raw materials from within the …
EU frees billions in bid to reduce China rare earth reliance
The European Commission plans to set up a center to coordinate the purchases and stocks of the crucial raw materials. China is by far the largest supplier, and vast US demand also complicates European acquisition.
European Commission proposes plan inspired by the disconnection of Russian gas to reduce high dependence on critical raw materials
EU Unveils €3 Billion Plan To Break China’s Grip on Critical Minerals
The European Union on Wednesday, December 3rd, announced a multi-billion-euro plan to reduce the bloc’s reliance on China for rare earths and other critical raw materials, warning that Beijing’s tightening export controls pose a growing threat to Europe’s industrial base. EU industry chief Stéphane Séjourné said Europe must respond to a “new global geopolitical reality” and what he has described as a rare-earths “racket.” The European Commission…
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