Dealing with our Critical Raw Materials dependency – A Strategic Moment for UK and Europe
Andrew Gomarsall discusses measures to encourage bio-based refining and address a key issue in our economic security.
The UK and Europe are at a strategic turning point, as relying on external suppliers can make industries fragile. A recent report by the EU Institute for Security Studies (EUISS) highlights China's increasing control over supply chains, export restrictions, and price wars.
China is using export licence restrictions and pricing policies as tools of geopolitical power, tying up the underpinnings of industrial competitiveness: the materials, the refining, the supply certainty.
The report notes that China heavily supplies or refines critical metals such as rare earths, permanent magnets, gallium, and graphite.
- Rare earths
- Permanent magnets
- Gallium
- Graphite
Author's summary: The UK and Europe face a strategic moment in addressing critical raw materials dependency.
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