EU Aims to Diversify Rare Earth Sources Amid Trade Tensions

European Commission President Ursula von der Leyen unveiled RESourceEU to coordinate joint purchasing, build stockpiles, and fund strategic projects.
Beijing tightened rare earth export controls linked to U.S. trade disputes.
Over 90% of EU rare earth magnet use comes from China, posing supply risks.
Recycling allows 95% recovery of rare earth materials.
European production lines halted due to export controls.
EU debates using anti-coercion instrument.
Macron urged activating trade bazooka.
Von der Leyen aims to secure alternative raw materials sources.
EU partners with Ukraine, Australia, Canada, Kazakhstan, Uzbekistan, Chile, and Greenland.
Initiative emphasizes circular economy.

Technology | Sustainability | Trade

Emmanuel Macron | Ursula von der Leyen

1 week ago