Insight: In race to regain rare earth glory, Europe falls short on mineral goals
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 27 2024
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Source: reuters
- Rare Earth Processing in Europe: Solvay aims to revive a rare earth processing plant in France to boost production for green energy transition.
- Challenges Faced by Europe and the U.S.: Both regions are working to reverse the migration of rare earth processing to China due to lower prices and environmental concerns.
- EU's Ambitious Targets: The EU has set targets for domestic production of critical minerals, including rare earths, for its green transition by 2030.
- Struggles to Meet Goals: The EU may struggle to meet most of its rare earth production targets, impacting zero carbon goals and increasing dependence on China.
- Obstacles and Solutions: Challenges include public opposition to new mines, limited funding, and weak demand, but companies like Neo Performance Materials are investing in European operations to support the EU's goals.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
