- Commission President Ursula von der Leyen announced a new legislative proposal, the Critical Raw Material Act, to tackle the evolving dependency on China when it comes to raw materials and ensure more resilient supply chains.
- It is the first time that the main pillars of the new approach were outlined.
- Around 60% is refined there, leaving the EU largely dependent on China even in areas where there is a multitude of suppliers of the raw material itself.
EU aims to lessen dependency on China with Raw Materials Act
