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EU rare earth push: Brussels rolls out 3-bn plan to slash China dependence; new supply hub and export curbs in pipeline

The European Union is launching a major plan to lessen its reliance on China for rare earths. This strategy involves increasing mining, refining, and recycling within the EU. The move comes amid global supply chain pressures and geopolitical challenges. The EU aims to secure its access to critical materials and protect its industries from disruptions.