European critical minerals plan targets supply security but faces major hurdles

European critical minerals dependence on China by material

The European Union has unveiled a new European critical minerals strategy under its RESourceEU Action Plan, mobilising up to €3 billion to strengthen domestic supply chains and reduce reliance on China. The plan prioritises rare earth permanent magnets, battery raw materials and defence-critical inputs, and builds on the EU’s Critical Raw Materials Act targets for 2030. Measures include faster permitting […]

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