Eager to cut China dependence, EU eyes processing 40 per cent of its strategic raw materials by 2030

The European Union wants to process 40 per cent of the strategic raw materials it uses by 2030, as it looks to slash its dependence on China for the minerals that will power industries of the future.

It also aims to ensure it will not rely on third countries for more than 70 per cent of any of 30 critical minerals, according to a leaked proposal to be unveiled next Tuesday and seen by the South China Morning Post.