The European Union is joining the accelerating global effort to secure supplies of critical minerals. Its latest effort is mirroring the U.S. strategy of combining equity stakes, domestic development, and targeted partnerships across resource-rich regions. With Beijing keeping a close eye on export controls, Brussels is moving to diversify its supply chains.
European Commission Executive Vice President Maros Sefcovic, visiting Australia this week, said the EU was prepared to take direct equity stakes in Australian critical minerals projects.
