The European Commission is actively working to increase the EU's autonomy in sourcing critical materials due to its current reliance on countries like China. With a focus on securing supplies essential for sectors such as automotive and renewable energy, the EU plans to build up reserves to meet at least one year's worth of industrial needs. European Commissioner Stephane Sejourne has highlighted 17 strategic materials for various transitions and expressed concerns over the EU's substantial dependency on external sources, particularly from China and the Democratic Republic of the Congo.
The EU aims to boost mining of critical materials to reduce dependency on countries like China, building reserves to sustain industrial needs and ensure access.
Sejourne stated that the EU identified 17 strategic raw materials necessary for European transitions in green technology, defense, and digital sectors, highlighting dire reliance on external supplies.
With China supplying 97% of the magnesium and most cobalt refined there, the EU's over-dependence poses risks amid geopolitical tensions, prompting calls for increased autonomy.
The goal is to create reserves that will meet European industry's needs for at least one year, as key minerals are vital for industries like automotive and defense.
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