US Edition
EU 'Must Reduce Reliance' on China's Rare Earth Minerals
- The European Commission announced on Wednesday the selection of 13 projects outside the EU focused on securing critical raw materials under the Critical Raw Materials Act effective May 2024.
- The act seeks to expand and diversify supply chains by sourcing critical raw materials from multiple countries, minimizing reliance on dominant suppliers like China amidst rising geopolitical tensions and export restrictions introduced since April 2024.
- These projects target metals such as lithium, cobalt, graphite, and rare earths across countries including Serbia, Canada, Malawi, and the UK to boost economic security and industrial competitiveness.
- EU Commissioner Stéphane Séjourné stated that the selection of 13 Strategic Projects worldwide will support reducing Europe's reliance on external sources, enhance its economic stability, and foster development by generating employment and boosting export potential.
- The initiative responds to China's halving of rare earth magnet exports, which threatens to disrupt supply chains and pressures Europe to secure alternative sources before potential production outages occur.
28 Articles
28 Articles
Since April, China has been making the export of rare earths more difficult. According to the EU Chamber of Commerce, the situation is improving somewhat. Is this the risk of production stops in Europe?
Trump Paused Tariffs, But China is Still Restricting This Critical Import.
PULSE POINTS:What Happened: The Chinese Communist Party (CCP) is being urged to relax its export restrictions on rare earth materials, which are essential for various industries. Implemented in response to U.S. President Donald J. Trump’s imposition of tariffs on China, the controls have disrupted production in the U.S. and Europe. Who’s Involved: Chinese Commerce Minister Wang Wentao, U.S. officials, European Union (EU) Trade Commissioner Maros…
By John Liu and Nectar Gan, CNN The European Union has urged China to ease restrictions on rare earths, essential for everything from cars to washing machines, after Beijing’s export controls disrupted supplies and caused production problems for industries across Europe and the United States. EU Trade Commissioner Maros Sefcovic said the issue was a priority in his meeting Tuesday with Chinese Trade Minister Wang Wentao on the sidelines of the O…
For the first time, the United States wants to negotiate with China at the highest level on critical raw materials. The two major powers have recognized the explosiveness of the issue. The EU seems unplanned.
Coverage Details
Bias Distribution
- 67% of the sources are Center
To view factuality data please Upgrade to Premium
