EU unveiled plans to secure raw material • Table.Briefings

The majority of rare earth metals needed for high-tech products come from China. The EU now wants to change that quickly.

Brussels wants to reduce its dependence on China for key raw materials. To achieve this, the EU is to cover a significant share of its demand for critical raw materials on its own by 2030. To achieve this, local value chains are to be rapidly strengthened. A first draft of how to achieve this has been presented by the Brussels-based authority.

By 2030, the EU aims to have much larger quantities of important raw materials available for industry – in this way, Brussels wants to break free of its dependence on China in particular. The draft of the Critical Raw Materials Act (CRMA) presented on Wednesday stipulates that by 2030

EU unveiled plans to secure raw materials

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