EU Commission unveils 13 targets for overseas raw materials projects 😊

EU Commission unveils 13 targets for overseas raw materials projects 😊

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EU Commission unveils 13 targets for overseas raw materials projects
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The European Commission has selected 13 projects outside the EU to enhance critical raw materials sourcing, aiming to reduce dependency on suppliers like China and the US. This initiative is part of the Critical Raw Materials Act, effective May 2024, and seeks to bolster economic security and industrial competitiveness in sectors such as electric mobility and renewable energy. The projects span various countries focusing on key resources like graphite, nickel, cobalt, lithium, and rare earth elements.

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