Global powers ramp up efforts to secure critical raw material supply chains

critical raw materials supply chain security battery technology energy transition mineral processing

Global powers are intensifying efforts to secure critical raw materials essential for defense, energy, and high-tech industries. The United States is aggressively pursuing domestic supply chain independence, with the Department of Energy awarding $500 million to seven companies for mineral processing and battery recycling projects. Notable recipients include Lilac Solutions, which will receive $100 million for a lithium extraction facility in Utah, and the Jervois group, which will receive $100 million for a cobalt refinery.

In Turkey, the government is planning to establish two high-level coordination bodies to reduce reliance on foreign supply chains and expand domestic production of strategic minerals. Meanwhile, the European Union is working to mitigate its dependence on China, which currently dominates markets such as permanent magnets. The EU's Critical Raw Materials Act aims to ensure that no single country provides more than 65 percent of the EU's strategic mineral consumption by 2030.

Experts note that while the US utilizes direct state investment and grants, Europe is focusing on regulatory frameworks and recycling. However, concerns remain that the EU may fall behind the US in the competitive race for these essential resources.

Entities

Audrey Robertson · China · European Union · Jervois Group · Lilac Solutions · Turkey · US Department of Energy · United States Department of Energy

Claims

What the coverage asserts, and how many sources carry each claim.

[○ 1 SOURCE] Reports indicate the EU is falling behind the United States in the race for critical raw materials. www.cleanthinking.de
[○ 1 SOURCE] The EU Critical Raw Materials Act mandates that no single supplier can provide more than 65 percent of the EU's consumption of a strategic raw material by 2030. www.cleanthinking.de
[○ 1 SOURCE] China supplies more than 90 percent of the permanent magnets used in automobiles and wind turbines. www.iwd.de
[○ 1 SOURCE] The Turkish government is planning to establish two high-level coordination bodies to reorganize its raw material policy. www.hurriyet.de
[○ 1 SOURCE] The Jervois group will receive $100 million to develop a US refinery for battery-grade cobalt sulphate. mugglehead.com
[○ 1 SOURCE] Lilac Solutions will receive $100 million for a lithium extraction and refining facility at Utah’s Great Salt Lake. mugglehead.com
[○ 1 SOURCE] The US Department of Energy awarded $500 million to seven companies for domestic critical mineral and battery projects. mugglehead.com