The European Union has set in motion a scheme whose aim is to help secure access to 30 fundamental raw materials. This will be done by promoting the recycling of critical elements, especially rare earth elements (REEs), and by growing domestic production. The collaboration of 300 governments, business associations and firms will help the European Raw Materials Alliance Center (ERMA) reduce Europe’s import dependence from resource-rich nations, particularly China.
China is the main exporter for the EU’s rare earth elements, making up 98% of the union’s imports. Other countries that provide imports include…
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