fair.png
Sunday May 16th, 2021 11:17AM

EU unveils plan to secure raw materials, cut dependency

By The Associated Press
Related Articles
  Contact Editor

BRUSSELS (AP) — Worried by an increasing dependency on the raw materials used to make smart phones, televisions and energy-saving lights, the European Union on Thursday launched a new strategy to secure access to rare earth minerals and to reduce reliance on suppliers like Chile, China and South Africa.

The EU is predicted to need around 60 times more lithium and 15 times more cobalt for electric vehicle batteries and energy storage by 2050. Its demand for rare earth materials in permanent magnets used in several technologies could increase 10-fold over the same period.

The coronavirus pandemic is highlighting the world’s increasing reliance on electronics and technology for remote work, education and communication, and the 27-nation EU enters a widening race to secure supplies for its communications, health, defense and space sectors along with the United States, China and Japan.

“We have to drastically change our approach,” European Commission Vice-President Maros Sefcovic said. “We are largely dependent on unsustainable raw materials from countries with much lower environmental and social standards, less freedoms, (and) poor, unsustainable economies.”

The EU gets around 98% of its rare earth minerals from China. Turkey supplies 98% of its borate, while Chile meets 78% of Europe’s lithium needs. South Africa provides 71% of its platinum. The European Commission believes that the EU’s mining potential is underused.

“We need to diversify supply and make better use of the resources within the European Union, where we would apply the highest environmental and social standards to that effect,” Sefcovic told reporters in Brussels.

The strategy aims to set up a European Raw Materials Alliance with industry, investors, the European Investment Bank, EU member countries and others to help secure raw mineral supply chains. The commission wants to start a partnership with Canada and interested African countries starting next year.

The EU also wants to study ways to reuse, repair and recycle products that use rare earth minerals. The commission said that while recycling works well in Europe, less than 1% of products containing the components are actually recovered to be treated.

The goal is to map the possible supply of critical raw materials in EU stocks and waste, as well as to identify projects to help recover them, by 2022.

  • Associated Categories: Associated Press (AP), AP Business, AP Technology News
© Copyright 2021 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Thailand reports 1st local coronavirus case in 100 days
Health officials in Thailand say a prison inmate has tested positive for the coronavirus in the country’s first confirmed locally transmitted case in 100 days
7:08AM ( 13 minutes ago )
EU unveils plan to secure raw materials, cut dependency
The European Union has unveiled a plan to secure access to the raw materials used in smart phones, TVs and lights
7:03AM ( 18 minutes ago )
Many more likely sought jobless aid as layoffs remain high
The U.S. government will provide its latest picture Thursday of the layoffs that have remained elevated at a weekly pace of around 1 million since the pandemic erupted nearly six months ago even as some sectors of the economy have been rebounding
6:59AM ( 22 minutes ago )
Associated Press (AP)
The Latest: One of Europe's biggest brothels goes bust
One of Europe’s biggest brothels has filed for bankruptcy after being unable to operate for months due to coronavirus restrictions
6:20AM ( 1 hour ago )
The Latest: Rate of new Africa cases falls amid more testing
Africa’s top public health official says the rate of confirmed new coronavirus cases has fallen again, by 14% from the previous week
6:14AM ( 1 hour ago )
The Latest: Kin of UK dementia patients want more visits
The families of dementia patients are demanding the British government ease restrictions on visiting care homes during the COVID-19 pandemic, saying they prevent people from getting the love and attention they need at the end of life
5:50AM ( 1 hour ago )
AP Business
US agency posts online map to track autonomous vehicle tests
The U.S. government’s road safety agency has set up an online map that will let people track where autonomous vehicles are being tested
2:29PM ( 16 hours ago )
India bans PUBG, 117 other Chinese apps amid border standoff
India has banned the widely popular Chinese mobile game PlayerUnknown’s Battlegrounds, known by the acronym PUBG, along with 117 other mobile apps in another move targeting China
9:57AM ( 21 hours ago )
German police raid 50 homes in child porn investigation
A thousand police officers in Germany raided the homes of 50 people as part of a nationwide crackdown on the online sharing and distribution of child pornography
7:01AM ( 1 day ago )
AP Technology News
Thailand reports 1st local coronavirus case in 100 days
Health officials in Thailand say a prison inmate has tested positive for the coronavirus in the country’s first confirmed locally transmitted case in 100 days
7:08AM ( 13 minutes ago )
Many more likely sought jobless aid as layoffs remain high
The U.S. government will provide its latest picture Thursday of the layoffs that have remained elevated at a weekly pace of around 1 million since the pandemic erupted nearly six months ago even as some sectors of the economy have been rebounding
6:59AM ( 22 minutes ago )
Asia Today: Beijing receiving 1st int'l flights since March
Beijing’s main international airport is again receiving international flights
6:52AM ( 29 minutes ago )
Hurricane Nana makes landfall in Belize with wind, rain
Hurricane Nana made landfall in Belize early Thursday, pelting a sparsely populated stretch of the Caribbean coast with heavy rain and wind before weakening to a tropical storm
6:51AM ( 30 minutes ago )
The Latest: Hong Kong's mass testing finds only few cases
Only six people in Hong Kong have tested positive for the coronavirus out of a batch of 128,000 who had undergone the mass-testing program
6:41AM ( 40 minutes ago )