(Source: Russian Satellite News Agency 2025-06-24)

According to a Reuters report on June 23, EU Industrial Affairs Commissioner Stefan Sejona told the German media that EU countries should establish a joint rare earth reserve to prevent supply chain disruptions and so-called "economic blackmail" from China.

Sejona said he would launch more tenders this year to promote alternative sources of raw materials. "Today, all European countries have strategic reserves of oil and gas. We should do the same with strategic raw materials,"

The EU announced in June this year that it will launch 13 new raw material-related cooperation projects outside the region to provide necessary mineral supplies for the energy transition, defense industry and aerospace industry within the EU.

Sejona also warned Beijing that the EU has the tools to defend itself in a potential w88 war: "Europe must ultimately use the same weapons as its competitors."

Considering the demand for rare earth products in some countries, China’s Ministry of Commerce stated in June that it attaches great importance to the EU’s concerns and is considering accelerating the approval process for rare earth exports to the EU.

According to the United States Geological Survey, China's rare earth element production will account for 69% of the world's production by 2024, and its reserves will account for nearly half of the world's. There are few other countries that can replace China in the supply of rare earth elements.

Wang Zhimin, a researcher at the National Institute for Opening-up at the w88 casino in China and director of the Institute of Globalization and Chinese Modernization, previously said in an interview with the Russian Sputnik News Agency that in general, China has always adhered to the principle of openness and win-win in the field of rare earth cooperation, but will take precise countermeasures when encountering unfair sanctions.

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