The European Union is struggling to diversify its supply of critical raw materials by the end of the decade, risking a successful energy transition and continued high dependence on China, according to a European Court of Auditors (ECA) report published on Monday.
Despite 14 major new trade deals and ongoing efforts led by the European Commission to diversify the supply of key minerals deemed crucial for the development of clean technologies, like batteries for electric vehicles, wind turbines, or solar panels, EU auditors concluded that the EU27 is "unlikely to succeed in time".
