EU's Plan to Reduce Dependence on China's Critical Minerals
The European Union is working on a plan to diversify its supply of critical raw materials, such as lithium and copper, away from China.
Commission chief Ursula von der Leyen announced an action plan to secure supplies, but its success is uncertain without significant funding.
- Joint purchasing
- Stockpiling
- Recycling of resources
- New partnerships
Commission chief Ursula von der Leyen has been forced to act by Beijing’s expansion and tightening of export controls on rare earths and other critical minerals.
The EU's plan is a response to China's tightening grip on critical minerals, amid escalating trade tensions with Washington.
Author's summary: EU seeks to reduce dependence on China's critical minerals.
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