European Union seeks to end dependency on China for rare earths
Euronews · Current
Euronews
Current
Through the RESourceEU plan, the European Union seeks to end its reliance on China for its critical raw materials, which are essential for Europe's automotive, defence, Greentech and digital sectors.
Breakdown
- EU is working on a strategy to end reliance on China for critical raw materials. 6s
- China has implemented tighter restrictions on rare earth exports. 12s
- Over 90% of EU's rare earth magnets are currently imported from China. 18s
- Resource EU will seek cooperation with countries like Australia, Canada, and others. 53s