EU trying to end China rare earth dependence — Von der Leyen

AI Summary
The European Union is working to reduce its dependence on rare earth elements from China due to geopolitical challenges and recent export restrictions imposed by Beijing. EU Commission President Ursula von der Leyen stated that the bloc needs to secure alternative sources of critical raw materials in the short, medium, and long term for European industries. She emphasized the need for structural changes, including recycling up to 95 percent of critical raw materials and batteries, as well as establishing partnerships with countries like Ukraine, Australia, Canada, and Kazakhstan. The EU is also considering all available tools to respond if necessary. China's recent export curbs have forced some EU companies to suspend production, causing significant economic damage.
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