Europe must move faster to stockpile critical minerals or risk falling behind in securing supplies, industry leaders have warned, as the bloc seeks to reduce reliance on China for materials for defence and clean technology.
Brussels will launch a consultation on stockpiling before year-end on funding and what minerals should be acquired, according to EU officials, essentially to diversify away from foreign sources.
European Commission president Ursula von der Leyen told EU lawmakers on Wednesday that “a crisis in the supply of critical raw materials is no longer a distant risk”.
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