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European fund for critical minerals projects to launch next year

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Reuters UK

By Eric Onstad LONDON (Reuters) – A European fund to invest in critical minerals needed for a transition to zero carbon emissions is seeking billions of euros of public and private money for a launch early next year, an official working with an EU initiative on the project said. Europe and the United States have been scrambling in recent years to restart domestic production of rare earths, lithium and other raw materials used in electric vehicles (EVs) and to wean themselves from dependence on China. The European Raw Materials Fund is due to start with around 2 billion euros ($2.1 billion), bu…

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