After 21 years of inactivity, the Baia de Fier graphite mine in Romania is set for revival with nearly $227 million from the EU, aimed at enhancing local mining capabilities and reducing reliance on imports. This initiative aligns with the European Commission's strategy to bolster critical raw material production in the face of shifting global dynamics. The revived mine will not only support automotive technologies like electric vehicle batteries but also enhance Romania's role in the electronics sector. Additionally, two other key mineral deposits, magnesium and copper, are expected to be tapped into but face environmental and legal challenges.
The revival of Romania's graphite deposit, once the largest in Europe, marks a significant shift towards reducing reliance on critical materials, particularly from China.
With a new investment of nearly $227 million, the Baia de Fier site aims to support sectors like electric vehicle batteries and energy storage, enhancing Romania's mining capacity.
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