Europe Aims to Reduce Reliance on China for Critical Minerals

Europe has been looking for ways to accelerate its rare earth metals production to diversify its supply chain and reduce reliance on China as its main supplier. Several minerals will be crucial for the development of the global renewable energy industry, helping energy companies to produce batteries, solar and wind equipment and clean technologies.

Europe’s mineral mining industry continues to be underdeveloped, but several energy companies are carrying out exploration efforts to assess the potential to develop new mining activities. The EU established its Critical Raw Materials Act with the aim of extracting a minimum of 10 percent of the region’s annual critical mineral demand from within Europe by 2030. Nonetheless, there are several constraints to the expansion of mineral mining, such as environmental concerns.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

U.S. and Europe Race to Reduce Dependence on China for Lithium SuppliesChina dominates the global lithium supply chain, but many countries are racing to reduce their dependence as the world shifts towards sustainable energy.
출처: OilandEnergy - 🏆 34. / 68 더 많은 것을 읽으십시오 »