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EU Launches Metal Pricing Index to Cut China Dependence

5/21/2026

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Summary

Story summary

Europe is creating a pricing index for specialty metals and rare earths to cut reliance on China.
China dominates critical-mineral supply chains and sets prices through opaque markets, leaving Western developers without benchmarks.
The EU aims to mine at least 10 % of raw-material needs by 2030, limit any single third-country reliance to 65 %, and pilot a tungsten-gallium stockpile in Italy, France and Germany under the €3 billion RESourceEU plan.

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Story summary

Europe is creating a pricing index for specialty metals and rare earths to cut reliance on China.
China dominates critical-mineral supply chains and sets prices through opaque markets, leaving Western developers without benchmarks.
The EU aims to mine at least 10 % of raw-material needs by 2030, limit any single third-country reliance to 65 %, and pilot a tungsten-gallium stockpile in Italy, France and Germany under the €3 billion RESourceEU plan.