EU Invests €22.5 Billion to Secure Critical Minerals, Reduce Reliance on China

March 27, 2025
EU Invests €22.5 Billion to Secure Critical Minerals, Reduce Reliance on China
  • Recent events such as the COVID-19 pandemic, the Ukraine war, and trade disputes have exposed vulnerabilities in global supply chains for these essential minerals.

  • The European Union is accelerating efforts to secure critical minerals to reduce reliance on China amid rising global supply tensions.

  • In response to these vulnerabilities, the EU plans to invest 22.5 billion euros, approximately $24.2 billion, into mining and processing for 17 critical minerals across 13 member states.

  • These strategic projects span various EU countries, including Greece, Germany, and France, and involve essential materials like lithium, cobalt, and nickel, which are crucial for electric vehicles and advanced technologies.

  • Among these initiatives is a gallium extraction project in Greece, operated by Metlen Energy & Metals, which is expected to yield up to 50 metric tons annually starting in 2027.

  • Gallium is vital for advanced semiconductors, 5G technology, solar panels, and military applications, making this project particularly significant.

  • On March 27, 2025, EU official Stéphane Séjourné visited the gallium extraction site in Greece to promote domestic mineral production.

  • Development Minister Takis Theodorikakos highlighted the strategic importance of this project for Greece and the broader European autonomy and security.

  • During his visit, Séjourné emphasized the need for public support for domestic mining while cautioning against creating new dependencies on critical materials, similar to past fossil fuel dependencies.

  • Critical minerals are essential for manufacturing electric vehicles, battery components, lightweight alloys, and medical devices, underscoring their importance in modern technology.

  • The gallium project is one of 47 strategic projects selected to enhance the EU's self-sufficiency in critical raw materials.

  • The strategic projects also cover a range of minerals vital for modern technology, including those located in Belgium, Czech Republic, Germany, and Italy.

Summary based on 3 sources


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