On March 16, the European Union presented its Critical Materials Act. Aware that the reopening of mines in Europe will not be enough to make a success of its carbon-free transition, the text provides for various partnerships in order to “reduce the EU’s current dependence on one or a few countries”.
In 2035, the sale of fossil fuel-run vehicles will no longer be authorised in Europe, in favour of electric vehicles.
Huge demand for metals
On the American side, President Joe Biden has also given electric vehicles a prominent place in his Inflation Reduction Act.
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