VUL megathread, page-5851

Europe in race to secure raw materials critical for energy transition
https://www.euronews.com/next/2023/03/07/europe-in-race-to-secure-raw-materials-critical-for-energy-transition

Quotes: "Critical raw materials including lithium and rare earths are likely to soon be more important than oil and gas, as Europe aims for a zero-carbon future."

"There are 17 rare earth elements that have hundreds of uses from missile guidance systems to banknotes, although the main use is for making ultra-powerful magnets."

"For example, 78% of the EU's supply of lithium comes from Chile, while 98% of rare earth elements come from China and 71% of platinum from South Africa provides."

"The EU is due to adopt the Critical Raw Materials Act on March 14, leveraging the power of the single market, to ensure Europe has a diverse and reliable supply of these materials, while ensuring high social and environmental standards."

"“With lithium requirements in Europe set to increase tenfold by 2030, more and more projects must be developed locally to reduce this dependence. It is therefore essential to source, find and develop lithium extraction projects in France and in Europe."