Overview
- European Commission President Ursula von der Leyen announced the developing RESourceEU scheme at the Berlin Global Dialogue on October 25.
- The initiative accelerates raw‑material partnerships with Australia, Canada, Chile, Greenland, Kazakhstan, Uzbekistan and Ukraine.
- Planned tools include joint purchasing and stockpiling alongside new investment in EU production, processing capacity and expanded recycling.
- Brussels will pursue short‑term solutions with Chinese counterparts while preparing possible trade responses, including the anti‑coercion instrument and coordination with G7 partners.
- China on October 9 added five rare‑earth elements and related magnets to export‑license rules, taking the restricted list to 12, as Europe imports over 90% of its rare‑earth magnets from China.