Europe Faces Crisis Over Rare Metals Shortage for Rearmament: Reports
19:53 02.12.2025 (Updated: 20:04 02.12.2025)
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Europe Faces Crisis Over Rare Metals Shortage for Rearmament: Reports
The existing reserves could be depleted in a few months, according to the media reports.
Causes of the situation:
US companies buy faster: American firms anticipate and secure stocks much quicker than European industries.
China controls access: As the world's top producer, Beijing restricts exports, especially to arms manufacturers.
In response, the EU seeks to reduce dependency, including through mining investments in Canada .
Hungarian Foreign Minister Péter Szijjártó previously stated that Europe was preparing for conflict with Russia, aiming for full military capacity by 2029.
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