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EU launches operations of critical minerals procurement platform

The European Union on Monday launched โ the critical minerals โ section of its energy and materials โ procurement platform, which aims to give more power to regional buyers and cut dependence on dominant producer China by aggregating their purchases. The platform is part of the blocโ€™s RESourceEU strategy, announced in December โ€Œto develop its supply chains for rare earths and other strategic minerals needed for the energy transition and defence applications. China controls up to 90 per cent of...