Germany Launches €1 Billion Fund for Raw Materials Investment

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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.

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