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EU wants to secure critical raw materials

Sweden’s Energy Minister Ebba Busch and the head of the Kiruna mine after the discovery of large deposits of rare earths.
In early March, the EU Commission plans to present its legislative package on securing the supply of critical raw materials. For the Swedish Council Presidency, the matter is a top priority. It is also intended to reduce dependence on China.

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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