EU looks at legally forcing industries to reduce purchases from China
by Lisa O’Carroll Senior staff correspondent from Economics | The Guardian on (#71XRC)
Commission unveils 3bn strategy to de-risk and diversify supply chains for critical rare earth metals and elements
The EU is considering legally forcing industries to reduce purchases from China to insulate Europe from future hostile acts, the industry commissioner, Stephane Sejourne, says.
He made his remarks as the European Commission unveiled a 3bn (2.63bn) strategy to reduce its dependency on China for critical raw materials amid a global scramble caused by Beijing's weaponisation" of supplies of everything from chips to rare earths.
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