Dec. 6, 2025, 6 a.m.
EU launches $3.5 billion initiative to break China's grip on critical minerals
The EU is launching a €3 billion initiative called RESourceEU to break its heavy reliance on China for critical raw materials. Currently, China supplies nearly all of Europe’s rare earth elements and magnets, which are essential for electric vehicles, renewab…
EU launches $3.5 billion initiative to break China's grip on critical minerals
The EU is launching a €3 billion initiative called RESourceEU to break its heavy reliance on China for critical raw materials. Currently, China supplies nearly all of Europe’s rare earth elements and magnets, which are essential for electric vehicles, renewab…