EU would need €10 billion for critical mineral exploration

The aim is to limit dependence on any third country to a maximum of 65% per mineral, in order to mitigate geopolitical risks and guarantee long-term supply. The European Union faces a crucial strategic challenge on its path to energy transition and industrial independence: securing the supply of critical minerals essential for the development of green and digital technologies. Resources such as lithium, copper, vanadium or chromium are essential for the manufacture of batteries, wind turbines, solar panels, electric vehicles and electronic components, all pillars of the economy of the future. Aware of this need, the EU plans to invest more than €10 billion in exploration, mining and recycling projects for key raw materials. This investment, considered initial, could be significantly expanded through the participation of the private sector, reaching up to 100 billion euros, according to industry estimates.

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