The European Union’s climate goals are at risk without China’s raw materials.
2 February 2026
The EU is struggling to diversify its supply of critical raw materials by the end of the decade, risking a successful energy transition and continued high dependence on China, according to a European Court of Auditors report published Monday.
China accounts for 60% of global production of critical raw materials and 90% of refining capacity.
China accounts for 60% of global production of critical raw materials and 90% of refining capacity.