EnergyNotableReported
6.0
EV boom drives critical minerals race; Brazil eyes supply role
InfoMoney·BR·about 5 hours ago
The EU announced support for 46 strategic projects in critical raw materials, including lithium and rare earths, aiming to secure supply chains by 2030. This is part of a broader effort to reduce dependence on China amid escalating trade tensions. The move signals a strategic shift toward supply-chain resilience, though implementation risks remain.
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The EU has designated 46 strategic critical raw material projects, including rare earths and lithium, to reduce dependence on China by 2030. However, most projects are reportedly behind schedule, and a significant funding gap persists, indicating a disconnect between policy ambition and execution. This situation maintains EU vulnerability to Chinese supply chain leverage.