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Brussels to stockpile critical minerals because of war risk

Strategy part of efforts to improve bloc’s resilience to conflict and climate change

Brussels says it will build up emergency stockpiles of critical minerals and cable repair kits as concerns mount over the EU’s vulnerability to attack.

“The EU faces an increasingly complex and deteriorating risk landscape marked by rising geopolitical tensions, including conflict, the mounting impacts of climate change, environmental degradation, and hybrid and cyber threats,’’ the European Commission said in a draft document setting out a stockpiling strategy, seen by the Financial Times.

Member states should co-ordinate backup supplies of food, medicines and even nuclear fuel, the EU executive said. It would also accelerate work on EU-level stockpiles of items such as cable repair modules “to ensure prompt recovery from energy or optical cable disruptions” and commodities such as rare earths and permanent magnets, which are crucial for energy and defence systems.

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