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EU Faces Mineral Supply Crisis, Urged to Diversify

2/2/2026

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Story summary
  • The European Court of Auditors reports EU relies on imports for critical minerals and rare earths, from China, Turkey, and Chile.
  • The European Court of Auditors warns that 2030 targets are unattainable due to underdeveloped domestic production and recycling.
  • A Washington summit aims to strengthen alliances among United States and European Union to diversify mineral supplies.
  • The EU is urged to enhance industrial policy to ensure autonomy and competitiveness.