The European Union is developing a new plan to curb its reliance on Chinese critical raw materials, European Commission President Ursula von der Leyen said on Saturday, as she criticised Beijing for its expanded restrictions on the export of rare earths.
Von der Leyen said the EU would seek to speed up critical raw materials partnerships with countries such as Australia, Canada, Chile, Greenland, Kazakhstan, Uzbekistan and Ukraine.
The plan would also include greater efforts to recycle critical raw materials in products sold in Europe, she said.
“The aim is to secure access to alternative sources of critical raw materials in the short, medium and long term for our European industries,” she told a conference in Berlin.
The scheme, called RESourceEU, would be similar to a plan the EU developed to cut its reliance on Russian energy, known as REPowerEU, she said.
“We will focus on everything from joint purchasing to stockpiling. We will boost investment in strategic projects for the production and processing of critical raw materials here in the European Union,” she added.
On October 9, China imposed export restrictions on rare earths and battery materials, which von der Leyen said it had a huge impact on Europe, in industrial sectors, including automotive, defence, aerospace, AI chips and data centres.
“If you consider that over 90% of our consumption of rare earth magnets comes from imports from China, you see the risks here for Europe and its most strategic industrial sectors,” she said, adding that “in the short term, we are focusing on finding solutions with our Chinese counterparts. But we are ready to use all of the instruments in our toolbox to respond if needed.”
