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The Scramble for Rare Earths - 4. The EU's Dependency on China

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Diversifying European supply of critical minerals for renewable energy

The European raw materials alliance aims to diversify supply of metals with a £2 billion investment over five years./nOlivia Lazard questions if this investment is enough to achieve the 2030 deadline for reducing greenhouse gas emissions./nActive extraction and processing of critical minerals takes 7 to 16 years, which exceeds the 2030 deadline./nCommission Vice President Marasheftjevich acknowledges the difficult and long process of acquiring critical raw materials./nMaterializing projects could increase EU sourcing of Euroborearers to 20%, which is 15 times more than current levels.

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