Reported 9 months ago
Europe is falling short on its mineral production goals as it seeks to increase rare earth processing within the region to support the green energy transition. Solvay, the current owner of a rare earth processing plant in France, is working to revitalize the plant to compete with China, the dominant producer of rare earths. Europe faces challenges in meeting its ambitious 2030 targets for critical minerals production, particularly in the rare earth sector, which is crucial for the production of electric vehicles and wind energy.
Source: YAHOO