The key focus is on domestic production. 10% Mining, 40% Processing, 15% Recycling should originate in the EU and no more than 65% of raw materials should come from a single country outside of the EU.
Good news to mitigate this -The EU Parliament has proposed that 20% of processing capacities could be built in strategic partnerships with emerging markets and developing countries.
This is a turning point for developing countries such as Malawi with its niobium reserves. An opportunity for government and mining /processing companies to build strategic partnerships in Europe with a raw material such as Niobium with one of the highest supply risks and highest economic importance levels out of the entire list of 34.
WHY does Niobium have one of the highest supply risks and highest economic importance levels out of the entire list of 34. ▶ 91.8% of Niobium originates in one country- Brazil and the EU has a 98% import reliance.
https://www.linkedin.com/feed/update/urn:li:activity:7130201008344895488