- NEWS Desk Global
EUROPEAN FIRMS AND BANKS MUST BOOST INVESTMENT IN CRITICAL MINERALS
To achieve the European Union's ambitious goals for accelerating the production of critical minerals like lithium and rare earths, European firms, particularly automakers and financial institutions, must increase their investment in these key raw materials for the energy transition. This call to action comes from the head of an EU-funded organization, emphasizing the importance of developing domestic sources for these minerals.
The EU has unveiled a comprehensive roadmap aimed at bolstering the production of critical minerals crucial for electric vehicles (EVs), wind turbines, and other renewable energy technologies. To successfully implement this roadmap and reduce dependency on external suppliers, European companies need to prioritize investment in the extraction, processing, and refining of these essential minerals within the region. This strategic shift will not only enhance the EU's energy security but also support its transition towards a more sustainable and resilient economy.