Europe's Rare Earth Dilemma: Diversifying Supplies

Europes reliance on China for rare earth elements, crucial for industries like car manufacturing and green energy, poses a significant risk. Germany and the Netherlands recently discussed this issue with China, highlighting Europes vulnerability as it imports 70% of its rare earth supplies from China. The EU is working to diversify sources through the RESourceEU plan, but developing large-scale mining and refining capabilities will take time due to environmental standards and approval processes.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.