Germany Launches €1 Billion Fund for Raw Materials Investment

  • 📰 mining
  • ⏱ Reading Time:
  • 19 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 53%

Business News

Germany,Raw Materials,Investment

The German government is establishing a €1 billion fund to bolster domestic raw materials production and reduce reliance on foreign sources like China. The initiative aims to secure supply chains for critical minerals crucial for high-tech and green projects, following disruptions caused by the pandemic and the war in Ukraine.

The German government is launching a €1 billion fund for investment in raw materials as it seeks to limit dependency on producers such as China for critical minerals.

Pandemic-triggered supply-chain disruptions and Russia’s invasion of Ukraine exposed the vulnerability of Europe’s reliance on a limited number of trading partners for energy and raw materials for high-tech and green projects.“With the fund, we are investing in equity for projects both at home and abroad — from mining to processing and recycling,” Brantner said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 449. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Germany plans $3.7 billion program to help decarbonize industry, including carbon storageThe German government has announced plans to provide about 3.3 billion euros ($3.7 billion) in funding for projects to make industry more climate-friendly, including by storing carbon dioxide underground at offshore sites. Germany has Europe’s biggest economy and is home to many energy-intensive industries.
Source: AP - 🏆 728. / 51 Read more »

Germany plans $3.7 billion program to help decarbonize industry, including carbon storageThe German government on Friday announced plans to provide about 3.3 billion euros ($3.7 billion) in funding for projects to make industry more climate-friendly, including by storing carbon dioxide underground at offshore sites.
Source: physorg_com - 🏆 388. / 55 Read more »

Elon Musk, investors reportedly more than $24B on X acquisitionMusk and his partners committed $33.5 billion toward the $44 billion purchase for the site in October 2022 — with that initial payout now valued at a paltry $9.38 billion.
Source: nypost - 🏆 91. / 67 Read more »