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 economic security.
The UK and Europe are at a strategic turning point, as reliance on external suppliers can lead to supply chain fragility.
The more we continue to rely on external suppliers who can weaponise supply or inflate prices, the more fragile our industries will become.
A recent report by the EU Institute for Security Studies (EUISS) highlights China's increasing control over supply chains, export restrictions, and price wars.
- rare earths
- permanent magnets
- gallium
- graphite
China is using export licence restrictions and pricing policies as tools of geopolitical power, tying up the underpinnings of industrial competitiveness.
Author summary: Europe faces a strategic moment in addressing raw materials dependency.
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