The head of Swedish mining group Boliden has warned that the European Union should have acted ten years ago to secure its access to rare earths, calling the bloc’s new €3-billion initiative a welcome but insufficient step given China’s dominance of the sector
The remarks follow the European Commission’s announcement that it will fast-track funding into 25 key mineral projects, part of a broader push to reduce dependence on Beijing, which processes more than 90% of the world’s rare earths China has tightened export restrictions this year, further underscoring Europe’s vulnerability
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Source and Credit: miningweekly.com
