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Europe Aims to Reduce Reliance on China for Critical Minerals
Europe has been looking for ways to accelerate its rare earth metals production to diversify its supply chain and reduce reliance on China as its main supplier. Several minerals will be crucial for the development of the global renewable energy industry, helping energy companies to produce batteries, solar and wind equipment and clean technologies. To date, the global reliance on China for these minerals has been significant and it continues to dominate worldwide production of lithium and several other critical minerals. However, recent developments…
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