Tagesspiegel Article: Europe’s Long Road to Less Resource Dependence

The EU wants to reduce its dependence on China for critical raw materials and is preparing a new initiative, ResourceEU, to complement existing legislation. In a recent “Tagesspiegel Background” article Alessandra Hool, CEO of the ESM Foundation, stresses that so far Europe preferred to outsource the extraction and processing of raw materials to other countries and that the EU’s resource independence would require long-term investments in Mining and Processing. For this skilled workers are required. In addition, there is foreign competition. Without dedicated funding and domestic value chains, Europe’s reliance on external suppliers is unlikely to change quickly. Read the full article