As global EV market gathers speed, EU aims to boost domestic supply of rare earth minerals
Uniunea Europeana
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. ZAWIERCIE, Poland: As the electric vehicle market continues to grow worldwide, demand for rare earth minerals needed to make EV batteries is rising in tandem. 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
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