Business · Trade · 2 days ago

EU backs 46 minerals projects as it seeks to reduce reliance on China

EU backs 46 minerals projects as it seeks to reduce reliance on China

The EU is backing 46 projects to produce and process important minerals such as lithium and rare earths.

These materials are used in cars, defence equipment and renewable energy.

The EU wants to rely less on China for these supplies and prepare for possible trade tensions.

The projects can get faster permits and help attracting funding, but the plan has faced criticism over whether it will meet the bloc’s 2030 goals.

Sources

Related news