10 Hrs
Source:
الاقتصادية
Mineral race drives US, China, Europe
The article focused on the competition between the United States and the European Union and their increasing influence in the field of rare metals, especially those essential for modern technology, defense, and green energy. The U.S. has invested around $40 billion since 2022 to ensure the availability of these metals, through funding mining companies, purchasing stakes in them, and implementing policies to protect supply chains. In contrast, the European Union's efforts have slowed down, with about 6 billion euros allocated, and its projects facing delays in licensing and weak financing, despite the selection of 75 strategic projects. Experts fear that American dominance over rare mineral resources may expand, further increasing Europe's dependence on external sources, especially as China continues to dominate the production and processing of these critical metals.
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