EU to Launch Strategy Reducing Reliance on China for Critical Minerals

The European Union will unveil a new strategy this Wednesday to cut its dependence on China for rare earth minerals. These elements are vital for modern technologies, including defense systems, renewable energy, and electric vehicles. China currently dominates the global market, controlling most of the world's mining and processing of these materials. The EU's updated plan aims to secure alternative supplies for its industries. The strategy is part of a broader effort to strengthen the bloc's economic resilience in key supply chains. Reducing this dependency is seen as a matter of strategic security for the EU.