German Chancellor Scholz again 19.7.24 reaffirmed (similar to many EU leaders) that it is crucial for the EU that they are NOT dependent on China for EV Critical Minerals (Protect crucial Supply Chains).
This EU staunch policy also, eventually, bodes well for EUR.
The Independent (UK) 19.7.24 D. Stojanovic said
"Scholz attended a “critical raw materials summit” in the Serbian capital where a memorandum of understanding between the EU and Serbia’s government on a “strategic partnership” on sustainable raw materials, battery supply chains and electric vehicles was signed.
He said after the signing ceremony that “this is an important European project (re Rio's Jadar Li project in Serbia- my words),” adding that it is necessary for Europe “to remain sovereign in a changing world and not be dependent on others, which is why new sources of raw materials should be discovered.”
Germany, the largest carmaker in Europe, is seeking to secure lithium for its electric vehicle makers as the European Union struggles to reduce its dependence on imports from China. Lithium is a critical substance in making batteries for electric vehicles...
[Serbian President]Vucic has said the lithium excavation will only go ahead if automakers and battery producers in Germany and other EU states build factories in Serbia, rather than directly exporting raw materials to those countries.."..
Germany's chancellor praises lithium deal with Serbia that could reduce Europe's dependency on China | The Independent
(20min delay)