- Write by:
-
Monday, October 17, 2022 - 13:23:54
-
678 Visit
-
Print
Mining News Pro - European Commission President Ursula von der Leyen said last month that commodities like lithium and rare earths will soon be more important than oil and gas.
According to Mining News Pro - Germany wants to expand investment in Mongolia to help secure strategically important raw materials including copper and rare earths, according to Chancellor Olaf Scholz.
The East Asian nation sandwiched between Russia and China can be a reliable partner for Germany as it seeks to diversify suppliers and guarantee access to the materials it needs in areas like battery and chip production, Scholz said Friday after talks with Mongolian Prime Minister Oyun-Erdene Luvsannamsrai in Berlin.
“What is important now is that very concrete projects are identified where cooperation can be taken forward,” Scholz told reporters at a joint news conference. Germany wants “many good partners around the world” as it looks to avoid “placing all of its eggs in one basket,” he added.
Major economies like Germany are competing fiercely for increasingly scarce resources and access to metals and rare earths is crucial for their climate and digital transitions.
Vladimir Putin’s invasion of Ukraine has also been a wake-up call for Germany, which built up a heavy reliance on imports of Russian fossil fuels in recent decades and is now seeking to diversify suppliers of the materials it needs to keep its economy running.
European Commission President Ursula von der Leyen said last month that commodities like lithium and rare earths will soon be more important than oil and gas.
She predicted that EU demand for rare earths alone — which are used in anything from electric motors to wind turbines and portable electronics — will increase fivefold by 2030.
- bitcoin , mining , copper , iron ore , mine , miningnewspro , news , mine news , gold , silver , prototype , Ethereum
- Mining News Agency
Short Link:
https://www.miningnews.ir/En/News/622275
Top copper producer Codelco reported a decline in quarterly output due to lower quality ore at its aging Chilean mines — ...
Brazil’s Corumba region could more than double iron ore shipments through neighboring Uruguay this year if there is ...
When former boss Mark Cutifani left Anglo American Plc in mid-April 2022, things had rarely looked better for the ...
Chile President Gabriel Boric said on Thursday he is targeting an increase in the country’s annual copper output by 1 ...
Brazilian miner Vale SA sees no impact from BHP Group’s bid for Anglo American on the latter’s Minas-Rio project, its ...
Copper miner Antofagasta Plc is holding meetings with investors this week for its first dollar bond offering in nearly ...
Iron ore futures were poised for a third straight weekly rise as prices largely consolidated gains on Friday, with ...
China’s Tianqi Lithium said on Thursday it has formally requested that a proposed joint venture between lithium company ...
Copper needs to reach $12,000 a ton — a 20% jump from this week’s high — to incentivize large-scale investments in new ...
No comments have been posted yet ...