2025-05-15
The EU needs to set up more than 10 billion euros ($11.4 billion) to stimulate investment in the exploration, mining and recycling of critical raw materials, the head of the EU-funded critical minerals agency said on May 14.
The EU has set 2030 targets for 34 minerals needed for its green transition, such as lithium and copper – meeting 10% of its annual demand through mining, 25% of its annual demand through recycling, and processing 40% of its consumption in Europe.
The EU also stipulates that no more than 65% of a certain mineral can be supplied by a single third country. But for many minerals, the EU’s dependence on China exceeds this level.
