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EU eyes strategic mineral stockpiles to counter disruptions

The European Union is preparing to stockpile critical raw materials as part of a broader strategy to safeguard its economy and infrastructure against rising geopolitical risks. According to a draft document from the European Commission, reported by a prominent media outlet, the move is aimed at reducing the bloc’s vulnerability to disruptions in global supply chains, particularly those linked to minerals essential for energy production and defense.

EU eyes strategic mineral stockpiles to counter disruptions

The draft document warns that the EU is facing a “complex and deteriorating risk landscape,” citing escalating  geopolitical  tensions, armed conflicts, the intensifying impacts of climate change, environmental degradation, and an increase in hybrid and cyber threats. In response, the European Commission is recommending that member states coordinate efforts to establish reserves of essential commodities and materials, which would include food, medicines, and nuclear fuel.

The proposal emphasizes the importance of building EU-level stockpiles of specific items necessary for the bloc’s strategic resilience. This includes materials such as rare earth elements and permanent magnets, which play a critical role in the production of clean energy technologies, defense equipment, and advanced electronics. The document also highlights the need for backup supplies of cable repair modules, designed to enable the rapid restoration of energy or optical cable networks in the event of targeted disruptions.

European Commission warns of geopolitical risks to resources

The initiative follows a report commissioned by the European Union last October, led by former Finnish president Sauli Niinistö. The report underscored the need for a more coordinated approach to European security and crisis preparedness, describing security as a “public good” that requires collective responsibility. Niinistö urged EU institutions to establish clear stockpiling targets to ensure minimum levels of preparedness across various crisis scenarios, including armed conflict and significant disruptions to global supply chains.

The European Commission has previously taken steps to raise public awareness about crisis readiness. In March, it issued guidance encouraging EU citizens to maintain essential supplies at home, sufficient to sustain them for at least 72 hours in the event of a major crisis. The latest stockpiling initiative is part of the EU’s broader strategy to enhance its economic security and reduce dependency on external suppliers for critical resources.

Recent global events, including supply chain disruptions during the COVID-19 pandemic and the geopolitical fallout from conflicts such as the war in Ukraine, have highlighted the bloc’s reliance on imports for key materials. While the proposal is still under discussion, it reflects growing recognition among EU policymakers of the need to strengthen the region’s strategic autonomy and resilience in an increasingly uncertain global environment. – By MENA Newswire News Desk.

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