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Europium's Versatility
- Europium, a rare earth metal, has diverse applications, from TV screens to Euro banknotes.
- Its presence in banknotes helps prevent counterfeiting, with a record low number of fakes in 2020.
EU's Dependence on China
- The EU heavily relies on China for rare earth metals, including Europium, despite its name.
- This dependency is around 90%, highlighting a strategic vulnerability in the green energy transition.
China's Strategic Advantage
- China's dominance in solar panel production stems from its industrial policy and high domestic demand due to air pollution.
- China strategically uses its green technology advancements as a form of soft diplomacy.