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Story summary
- The European Union plans to announce measures next week to reduce dependence on China for raw materials as part of the Economic Security Doctrine.
- Christine Lagarde, President of European Central Bank, highlighted vulnerabilities from reliance on third countries.
- Experts warn curbing dependence is difficult as China dominates the market and offers the lowest costs.
- The EU faces hurdles funding and developing its raw materials industry, with financing a key issue.
