Together with President Gabriel Boric, German Chancellor Olaf Scholz announced a new raw materials partnership in Chile. The German government hopes for easier access to scarce but important minerals – and thereby also greater independence from China. After all, the supply of many critical raw materials is heavily concentrated in only a handful of countries. For lithium, which is required for the production of EV batteries, Chile is the EU’s largest supplier – ahead of the People’s Republic.
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