EU Opens Critical Minerals Platform to Cut China Reliance
The European Union launched a procurement platform on Monday to aggregate demand for critical minerals. The move aims to reduce reliance on supply from China.
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The European Union has officially launched the critical minerals segment of its centralized energy and materials procurement platform. This strategic move is designed to aggregate the purchasing power of regional buyers and reduce the bloc's heavy dependence on China, which currently controls approximately 90% of the output for certain strategic minerals.
