In the race to secure rare earth metals outside of China, the EU is falling significantly behind American rare earth development initiatives. Given antagonism between the USA and the EU, the EU risks replacing one dependency for another.
‘‘I really admire the Americans because they take an idea and they run with it, while we Europeans hesitate, over-administrate, talk and lose time,’’ said Bernd Schäfer, chief executive of EIT RawMaterials, a group representing the EU critical minerals industry.
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In the race to secure rare earth metals outside of China, the EU is falling significantly behind American rare earth development initiatives. Given antagonism between the USA and the EU, the EU risks replacing one dependency for another.
‘‘I really admire the Americans because they take an idea and they run with it, while we Europeans hesitate, over-administrate, talk and lose time,’’ said Bernd Schäfer, chief executive of EIT RawMaterials, a group representing the EU critical minerals industry.