EU shortlists minerals for first joint stockpile plan

The European Union has shortlisted tungsten, rare earths, and gallium for its first joint critical minerals stockpile to reduce dependence on China. The initiative marks the bloc's most concrete step to insulate defense and semiconductor supply chains from Beijing’s production dominance. For investors, the move signals a shift toward state-backed mineral security that could stabilize long-term supply for the energy transition.

### Securing the Defense and Tech Supply Chain The shortlist focuses on materials vital to military hardware and high-tech manufacturing, especially in response to China's dominance. Beyond tungsten and gallium, people familiar with the matter said magnesium is a priority, while germanium and graphite are expected to join the final mix. Most of these elements appear on NATO's list of 12 minerals deemed critical to the defense industry.