Europe will on Wednesday unveil a plan to reduce its reliance on China for rare earths and other critical minerals, opening a fresh front in its effort to secure supplies needed for major industries. The initiative, known as RESourceEU, is meant to give the bloc more control over materials that support sectors from energy to defence.
The plan, to be presented by the European Commission, centres on creating a European hub for critical materials that would pool company orders and build joint stockpiles, an effort driven by Industry Commissioner Stéphane Séjourné.
