As the communist regime in China continues to use rare earths as leverage in geopolitics against the free world, the European Union (EU) commissioner called on member countries to establish a joint rare earth reserve to mitigate future economic blackmail and supply chain disruption by Beijing.
“All European countries today have strategic reserves for oil and gas. We should do the same for strategic raw materials,” EU Commissioner for Industrial Strategy, Stéphane Séjourné of France, told the German newspaper Handelsblatt on June 23.
