EU aims to lessen dependency on China with Raw Materials Act
https://www.euractiv.com/section/circular-economy/news/eu-aims-to-lessen-dependency-on-china-with-raw-materials-act/
Quotes: "Commission President Ursula von der Leyen announced a new legislative proposal, the Critical Raw Material Act, to tackle the evolving dependency on China when it comes to raw materials and ensure more resilient supply chains."
"“We must avoid becoming dependent again, as we did with oil and gas. […] We will identify strategic projects all along the supply chain, from extraction to refining, from processing to recycling."
"One case in point is lithium, which is a key component of batteries and thus essential for the green transition. While only around 9% of the world’s lithium is mined in China, around 60% is refined there, leaving the EU largely dependent on China even in areas where there is a multitude of suppliers of the raw material itself."
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