The European Union is preparing its first joint stockpile of critical minerals to reduce dependence on China, according to multiple sources familiar with the discussions. The initial list includes tungsten, rare earths and gallium. Additional minerals are expected to be considered for later rounds, with one report saying magnesium could be added and that other materials such as germanium and graphite may also be assessed. The EU is also discussing storage arrangements with major port facilities. One source cited talks involving Rotterdam in the Netherlands, described as one of the region’s largest ports, to hold the materials as part of the stockpiling effort. The reporting characterizes this as one of the bloc’s more concrete steps toward insulating its economy from China’s dominance in the production and supply of these minerals. While the sources describe the shortlist and storage talks, they do not specify timelines, the size of the stockpile, or which entities would manage procurement and storage.
EU shortlists tungsten, rare earths and gallium for first critical mineral stockpile
The European Union is preparing its first joint stockpile of critical minerals to reduce dependence on China, according to multiple sources familiar with the discussions. The initial list includes tun...
- The EU is preparing its first joint stockpile of critical minerals to reduce reliance on China.
- The first shortlist includes tungsten, rare earths and gallium.
- The EU is in talks with major ports to store the minerals.
- Rotterdam in the Netherlands is mentioned as a potential storage site.
- Further minerals may be added, including magnesium, with other candidates also discussed.
Global · Critical Minerals Key Facts —Three minerals make the first list. The European Union has shortlisted tungsten, rare earths and gallium for its first joint stockpile of critical minerals, sources told Reuters on May 20. —More may follow. Magnesium is expected on the priority list, with germanium and graphite likely to make the final […] The post The EU Builds Its First Critical-Minerals Stockpile to Curb China appeared first on The Rio Times.
3 months agoThe European Union has shortlisted tungsten, rare earths and gallium for its first joint stockpile of critical minerals aimed at reducing its reliance on China, according to three sources familiar with the matter. The EU is also talking to major ports including Rotterdam in the Netherlands, the region’s biggest, to store the minerals, one of the three and a fourth source said. The move marks one of the bloc’s most concrete steps to insulate its economy from Beijing’s production dominance in...
3 months agoThe EU is also in talks with major ports, including Rotterdam in the Netherlands, to store the minerals.
3 months ago
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