EU unveils €3bn strategy to cut dependency on China for raw materials

ReSourceEU project aims to de-risk and diversify supply chains for critical rare earth metals and elementsBusiness live – latest updatesThe EU has unveiled a €3bn (£2.63bn) strategy to reduce its dependency on China for critical raw materials amid a global scramble triggered by Beijing’s “weaponisation” of supplies of everything from chips to rare earths.The ReSourceEU programme will seek to de-risk and diversify the bloc’s supply chains for key commodities with a funding initiative to support 25-30 strategic projects in the sector. Continue reading...