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EU-China trade tensions escalate over Chinese auto market share
EUobserver·CN · EU·3 days ago
The EU is supporting 46 new rare earth projects, including six in France, to reduce reliance on China's near-monopoly in refining. This marks a strategic push to secure critical mineral supply chains, though project timelines and output remain uncertain. The move signals a broader Western effort to diversify critical mineral sourcing.
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The EU has designated 46 strategic critical raw material projects, including rare earths and lithium, to reduce dependence on China by 2030. However, most projects are reportedly behind schedule, and a significant funding gap persists, indicating a disconnect between policy ambition and execution. This situation maintains EU vulnerability to Chinese supply chain leverage.