U.S. Leaves Europe Behind in Critical Minerals Race
The United States is forging ahead with its critical minerals ambitions, investing billions in securing non-Chinese supply, while in Europe, the central EU government “hesitate, over-administrate, talk and lose time.” The EU was already behind the U.S. on critical minerals.
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Key Facts
- Fact 1: “Whether you agree or disagree with the way in which the Trump administration is going about securing their critical raw materials supply chains, in 18 months, they’ve certainly done more deals than Europe has done in the past decade,” an advisor on critical mineral projects in Europe told the FT.
- Fact 2: By Irina Slav for Oilprice.com More Top Reads From Oilprice.com Europe Dodges a Rhine Crisis for the Worst Possible Reason Oil Nears $100 as Trump’s ‘Economic D-Day’ Raises the Stakes China's Renewables Boom Faces Record Clean Power Curtailments
The United States is forging ahead with its critical minerals ambitions, investing billions in securing non-Chinese supply, while in Europe, the central EU government “hesitate, over-administrate, talk and lose time.” The EU was already behind the U.S. on critical minerals.
Now, it has fallen further behind, which means a lot more work would need to be done to catch up. The quote above comes from the head of a Europe-wide organization representing critical minerals companies. Bernd Schaefer spoke to the Financial Times this month, lamenting the slow pace of investment in those minerals from European countries as coordinated by the EU authorities in Brussels.
(Original synthesis pending human/AI review — generated by the stub provider by selecting real sentences from the source material, not by writing new analysis or commentary.)
Original source: OilPrice.com
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