The European Commission plans to set up a center to coordinate the purchases and stocks of the crucial raw materials. China is by far the largest supplier, and vast US demand also complicates European acquisition.
The EU's executive on Wednesday announced new policies looking to coordinate the purchase and stockpiling of raw materials like the rare earth minerals crucial for the automotive, electronics and defense industries.
The European Commission also said it would employ tougher economic policies with trade partners to better secure rare earths supplies.
"The EU will also be more strategic
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