Reported 9 months ago
The European Union is striving to establish a rare earths industry and reduce reliance on China by implementing the Critical Raw Materials Act. The legislation aims for the EU to mine 10%, process 40%, and recycle 25% of its strategic minerals by 2030. Key companies involved include firms in Sweden, Finland, Spain, Canada, Germany, France, Norway, Slovenia, and Poland, with various projects focused on mining, processing, and manufacturing rare earth elements and magnets.
Source: YAHOO