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EU Unveils €22.5B Plan to Boost Raw Materials Production

3/25/2025

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Summary

Story summary

The EU is taking bold steps to secure its future by prioritizing 47 vital raw materials projects, aiming to enhance domestic production and expedite permitting to just 15 months. Vice-president Stéphane Séjourné stressed the urgency of reducing dependence on foreign sources, particularly Chinese lithium, with ambitious targets of 10% mineral extraction and 40% processing by 2030, backed by a €22.5 billion investment.

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Story summary

The EU is taking bold steps to secure its future by prioritizing 47 vital raw materials projects, aiming to enhance domestic production and expedite permitting to just 15 months. Vice-president Stéphane Séjourné stressed the urgency of reducing dependence on foreign sources, particularly Chinese lithium, with ambitious targets of 10% mineral extraction and 40% processing by 2030, backed by a €22.5 billion investment.