EU selects 46 raw materials projects to reduce dependence on China
The European Commission has launched 46 projects across sixteen countries to reduce reliance on China for vital raw materials like lithium and copper. These initiatives, supported by prioritized permits and funding assistance, aim to significantly boost domestic processing and recycling capacity by 2030.
The European Commission has selected 46 raw material projects across sixteen countries to decrease Europe's dependency on China for essential resources. These initiatives, which include mining and recycling efforts for materials like lithium, copper, and nickel, are valued at approximately 21.1 billion euros. To facilitate their rapid development, the Commission will provide priority permitting and assist in securing private investment from banks and institutional backers.
Countries involved in these projects include the Netherlands, Belgium, France, Spain, Italy, and Romania. Several Dutch companies, such as Back to Battery, have been chosen to focus on recycling materials from old batteries to support the production of items like electric vehicles and wind turbines. Under the 2024 Critical Raw Materials Act, the European Union aims to source ten percent of its raw materials domestically, process nearly half within its borders, and recycle one-quarter of its needs by 2030 to mitigate risks associated with international trade conflicts.
Based on reporting by nu. Translated and condensed by LocalHeadlines.
