The European Commission has launched the RESourceEU Action Plan to secure critical raw materials and reduce the EU’s heavy reliance on imports, notably from China. Over 90 % of EU rare‑earth magnets currently come from China, and recent export restrictions on materials such as graphite, gallium and rare earths have highlighted the vulnerability. The plan mobilises almost €3 billion in EU financing over the next year for projects identified as strategic, and will simplify permitting while maintaining environmental, social and governance standards. Two pilot projects – Greenland’s Malmbjerg molybdenum site and a German lithium extraction venture – have already received €250 million of European Investment Bank support. A new European Critical Raw Materials Centre, to be established in 2026, will coordinate monitoring, stockpiling and joint purchasing to strengthen supply security. The plan also introduces measures to curb scrap export, boost recycling of permanent magnets and support circularity across the value chain.
https://ec.europa.eu/commission/presscorner/detail/en/qanda_25_2886
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