EU Commissioner Calls for Strategic Rare Earths Reserve

The European Union needs to create a joint strategic reserve of rare earth elements to avoid supply chain disruptions and economic blackmail from China, Stephane Sejourne, European Commissioner for Prosperity and Industrial Strategy, has told German business daily Handelsblatt. “Nowadays, all European countries have strategic reserves for oil and gas.

We should do the same for strategic raw materials,” Sejourne told the German newspaper in an interview published on Monday. The reserve would make the EU more resilient in the face of…