EU Accelerates Strategic Material Reserve Plan with Italy, France, and Germany Leading

The European Union is expediting its strategic material reserve plan, with Italy, France, and Germany taking the lead, according to Jin10. Four informed sources have revealed that the EU aims to reduce dependency on external sources for critical raw materials. In December of last year, the EU introduced the 'RESourceEU' initiative, which focuses on establishing a joint reserve mechanism and implementing export restrictions on recyclable metal waste and rare earth waste. However, the European Commission has yet to announce specific implementation details.