As global EV market gathers speed, EU aims to boost domestic supply of rare earth minerals

Quick Summary:

Experts have sounded caution over whether the European Union’s goals can be achieved, given China's existing market dominance across many rare earth metal markets.

A general view shows the AE Elemental's electric vehicle battery recycling plant in Zawiercie, Poland in this undated handout photograph.

This has sparked concerns in Europe about over-reliance on a single market: China, which currently accounts for more than two-thirds of the world’s production of rare earth minerals.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaPolandUnited States

Topics: Metals Zawiercie Battery Recycling Earth Minerals Market China Cent Materials Rare

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 15:42:08 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 757 words

Reading Time: 5 minutes read

Sentences: 30 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23716184

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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