Breaking Free from China: EU's Critical Raw Material Act

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  • Опубліковано 9 чер 2024
  • The EU is dependent on other countries for many things. This isn't just about gas from Russia or military help from the USA. It also includes important materials like cobalt, magnesium, and rare earths. These are used in everything from cars to laptops and phones. For instance, all the rare earth elements for permanent magnets in electric motors are refined in China. To tackle this dependency, the EU has come up with the Critical Raw Material Act. This plan aims to reduce reliance on external sources for these vital materials.
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    Sources
    www.consilium.europa.eu/en/in...

КОМЕНТАРІ • 232

  • @EUMadeSimple
    @EUMadeSimple  4 місяці тому +66

    1:27 Mistake in the speech bubble: There are still 27 contact points (one for each country) but using the same interface (process will be uniform).

    • @Lzybird
      @Lzybird 4 місяці тому +2

      thank you for the information

    • @Omidion
      @Omidion 4 місяці тому +3

      You also made a mistake at 1:22 "Each European country will..." should be "Each EU country" since not all European countries are in the EU

    • @tedcrilly46
      @tedcrilly46 4 місяці тому

      Don't we already have military independence?
      Russia is proven shambolic now. To try against any EU country, after losing so many men and equipment in Ukraine, would be futile.
      The EU response would be 20 times larger than the aid given to Ukraine.
      Balkans is the only place with any small chance.

  • @jamesstepp1925
    @jamesstepp1925 4 місяці тому +120

    Bravo! As an American I like to see our friends in Europe do well. Get strong and stay strong. It is far better to have strong friends than weak ones in personal as well as international relations.

    • @silveriver9
      @silveriver9 4 місяці тому +1

      BS, the US doesn't care about the EU. You guys blew up Europe's critical energy infrastructure (nordstream). The US is in rapid decline. Happy landing.

    • @Siranoxz
      @Siranoxz 4 місяці тому

      I hope we remain friends, if Donald Trump becomes your president for the second time then bad times are coming for everyone.
      He tells Europe that he wont help us if the war escalate further into the continent.
      This already indicates that we cannot trust you any longer as America denigrating socially and politically and society wise before your very eyes.
      This is not me mocking you or something, its just a fact that America is going through its own crisis right now.

    • @Trolligi
      @Trolligi 4 місяці тому

      Yes. Let’s hope Donald Trump doesn’t get into power because he’s an idiot who plays into conservative isolationism

    • @saldussapnai3464
      @saldussapnai3464 4 місяці тому +3

      ❤💯stay safe! Say no to trank and drugs

    • @user-ho7me9dd5y
      @user-ho7me9dd5y 4 місяці тому +10

      Yep more money for United states, go EU 😂😂

  • @starseeker1334
    @starseeker1334 4 місяці тому +88

    God bless those who proposed it
    A big step in correct direction of our Union

  • @mr.clanni9930
    @mr.clanni9930 4 місяці тому +37

    Just one question, how can you not buy more than 65% of what you need from a single country if the country in question is the only country with the supplies?

    • @Freyia935
      @Freyia935 4 місяці тому

      Because its a joke, "10% Extracted from the EU" another policymakers dream. We lost an independent Europe as soon as Europe didnt decide to unite / conquer the east, that is why from the Romans to the Germans (not saying they were good) they attempted to take control of the eastern side of Europe to have more control and dependence on the region, Europe will ALWAYS be under the USA or Russian influence.

    • @boukek
      @boukek 4 місяці тому +1

      I think he means that the EU gets all of that specific materials from one country instead of other countries that also have it.

    • @tylerclayton6081
      @tylerclayton6081 4 місяці тому +6

      A lot of countries other than China export rare earth metals. Australia, the US and Canada combined have far more rare earth metal deposits. They’re just now starting to mine and export them. Before, no one was really looking for rare earth metals much less trying to mine them. Now that they’re important, more and more countries are looking for rare earth metals and finding them in abundance. They’re far more common than fossil fuel deposits
      In the US for example, they recently found the biggest lithium deposit in the world.
      “A world-beating deposit of lithium along the Nevada-Oregon border could meet surging demand for this metal, according to a new analysis.
      An estimated 20 to 40 million tonnes of lithium metal lie within a volcanic crater formed around 16 million years ago. This is notably larger than the lithium deposits found beneath a Bolivian salt flat, previously considered the largest deposit in the world.”

    • @marczhu7473
      @marczhu7473 4 місяці тому

      ​@@tylerclayton6081it's not the same rare metal.😂 + China own most of refining rare earth tech. If others need to catch up they need to spy or redo from 1970's us rare earth refining tech.

    • @cerverg
      @cerverg 4 місяці тому +3

      Well, that "Country" is also importing the raw materials and just refining them. The idea is to import raw materials (or source them from within the EU if possible) and refine them in the EU. It's not sure how realistic that is to happen but that is long overdue. It should have happened 10 years ago.

  • @Svafne
    @Svafne 4 місяці тому +6

    It's unfathomable how "we" even let things go this far with de-industrialization.
    Well at least the upperclass got even richer!

  • @blazer9547
    @blazer9547 4 місяці тому +8

    Great 💪

  • @markusnyland7559
    @markusnyland7559 4 місяці тому +39

    thanks for these videos. They were a great help when I wrote my bachelor's degree on the EU in the light of state and nation-building theory

    • @davidfoxtail4793
      @davidfoxtail4793 4 місяці тому

      EU as a state and one nation? state? Sounds terrifying. Hope your paper refuted this absurdity.

    • @markusnyland7559
      @markusnyland7559 4 місяці тому

      it actually concluded that the EU is well on its way to becoming a state but still has a long way to go before it becomes a nation (nation= people see themselves as Europeans before French, Germans, etc.)@@davidfoxtail4793

  • @caver38
    @caver38 4 місяці тому +2

    The EU should not be dependant on any country outside the EU

  • @Siranoxz
    @Siranoxz 4 місяці тому +15

    Yes, a Europe that can sustain itself and building new industries without American or Chinese companies buying them up..

    • @tylerclayton6081
      @tylerclayton6081 4 місяці тому +3

      Europe isn’t building any new industries. 63 of the top 100 companies globally are American. Most of the rest are Chinese or East Asian. Europe in total has less than 10 out of the top 100 companies

    • @janakumer
      @janakumer 4 місяці тому +1

      @@tylerclayton6081Right now. EU is competent.

    • @ChristiaanHW
      @ChristiaanHW 4 місяці тому +1

      @@tylerclayton6081 the EU doesn't need companies that dominate the world.
      they just need there own versions of them and have everything critical for a nation to exist within their own borders.
      so they need to have the companies to provide the Union with all the food, medicine and digital stuff the Union needs. they don't need those companies to provide for anyone else. it would be nice (more profit) if they do, but for the safety of the EU that isn't necessary
      companies like Facebook of Amazon won't ever come out of the EU, there's not enough people that they can abuse to make enough profit to get as big as they got in the US.
      workers in the EU have rights and most workers know the rights they have.
      and of course companies out of China or India will become world dominating, they have 1/5 of the words population each, so it's much easier for them to become a (potential ) monopoly before ever entering the world markets.

    • @Siranoxz
      @Siranoxz 4 місяці тому +1

      @@tylerclayton6081 Europe is definitely building new startups, and these startups need government aid like subsidies to long term investment for the company to grow and to protect them from any foreign big tech companies.
      Europe is simply waking up to the fact that it needs its own industries..

  • @pionieresvizzero2224
    @pionieresvizzero2224 4 місяці тому +27

    A possible frontier for the recovery of mineral resources could be deep sea mining, for example rare earths can be found in some nodules present in marine sediments. Particularly favored areas are the French territories in Oceania such as Polynesia or Wallis and Futuna (territories formally non-EU, but very politically linked to France.) ; of course there are still many critical aspects such as high costs and environmental impact, but it could be a path worth investing in.
    However, I think that European countries can also rely on Australia, Canada and New Zealand. Nations very friendly to Europe.

  • @HauptmanKoening
    @HauptmanKoening 4 місяці тому +20

    In the last few days, EU made some legislation that I find more than useful and required! Maybe one day we will reach the strategic autonomy

  • @jurassictyrantkingYT
    @jurassictyrantkingYT 4 місяці тому +37

    I really hope the European Union does become more independent and become a superpower eventually because let's just be honest European Union needs to become a regional power to deter countries like Russia or any other that threatens their security. As an American citizen I actually see this as an a right direction for the European Union.

    • @silveriver9
      @silveriver9 4 місяці тому +1

      BS, the US doesn't care about the EU. You guys blew up Europe's critical energy infrastructure (nordstream). The US is in rapid decline. Happy landing.

    • @Dynioglowy1986
      @Dynioglowy1986 4 місяці тому

      why would US even want Europe to become superpower ? Strong country dont listen to US so why they would even want that ? European countries cant even feed they own population (just example was Ukrainian grain last year ) And dont pretend US is are our friend ! US dont even give a f about they borders or they own citizens !

    • @graye2799
      @graye2799 4 місяці тому +1

      The last thing we need is an undemocratic super government taking control in europe.

    • @hua_tetsu_cat
      @hua_tetsu_cat 4 місяці тому +5

      Can't say the US government would like it

    • @ChristiaanHW
      @ChristiaanHW 4 місяці тому

      @@hua_tetsu_cat for the US government it would be better to have a strong but not to strong EU.
      they want the EU to be strong and useful. but at the same time the EU can't get so strong that they don't need the US anymore, because if the EU doesn't need the US for anything they also won't be under the US thumb anymore.
      and that's exactly why the EU has to become independent (also from the US), we need to be able to do everything ourselves and not having to rely on anyone else for our needs.
      or course we will still work with other nations, but only if we want to and it's in our own interests to.

  • @jesusgarciamartinez8339
    @jesusgarciamartinez8339 4 місяці тому

    About time!

  • @angemalaurie6074
    @angemalaurie6074 4 місяці тому +30

    Always funny when people want to break out from the EU because they think it will allow them to be independant from china and the USA. This jus make people more easy to pick appart to fall into dependance to those big superpowers. United we are strong, question is, whith who you you want to be united? With an EU that has no interest in whipping out your culture since we are all scared of that? China who is known to be financial sharks? Or the USA who have no problems in whipping out different culture if it mean you can buy their products? The EU has manyflaws yes, but if my country had flaws I wouldn't ask for it's balkanization to solve the problem of my region it would be dumb. (Except for some exceptions of course, sometime breaking away from a bigger country can be beneficial).
    People need to think on the long term, and on the long term EU unity is the only way to preserve Europeans values and lifestyle.

    • @tpower1912
      @tpower1912 4 місяці тому +2

      I've literally never heard anyone say that

    • @artiefakt4402
      @artiefakt4402 4 місяці тому +14

      @@tpower1912 Brexit... doesn't ring a bell ?

    • @the11382
      @the11382 4 місяці тому

      I see no good choices, there is only bad and worse. Become a puppet to the US, China, to the 4 largest states in Europe, or to an elite that cares more about themselves, or to all of the above and nobody is accountable. Its not the larger states I'm worried about, but culture of the small states that easily get subsumed. From an economics standpoint, it is easier to scale your businesses if everyone speaks the same languages. Politically, small states are just in the way, so away the veto goes.

    • @Siranoxz
      @Siranoxz 4 місяці тому

      @@tpower1912 The UK.
      The worst part is that Brexit hardliners want Russia to win so the EU breaks apart.
      These Brexiteers are psychopaths and yes they do reside on UA-cam making anti EU content for their gullible listeners.

  • @mehmeh1234
    @mehmeh1234 4 місяці тому +5

    Have to think we used to have all the resources in the world at our fingertips literally

  • @ferdinandcazalbou5681
    @ferdinandcazalbou5681 4 місяці тому +13

    The EU must remain independent and strong, Great video!

  • @viljanov
    @viljanov 4 місяці тому

    Finland and Sweden have huge rare earth metal deposits. It just takes years to get to them and the environment will largely be polluted from mining

  •  4 місяці тому +1

    This is what I already stated multiple times about raw materials since the issues started with China and Russia.
    But many overlooked this issue when talking about them.

  • @leofigueroa295
    @leofigueroa295 4 місяці тому

    Thumbs up 4 u guys! Awesome vid!

  • @fedethefico
    @fedethefico 4 місяці тому

    Great video! Thanks!

  • @gazeuze
    @gazeuze 4 місяці тому

    Nice video, thanks!

  • @Donald_Monaghan90
    @Donald_Monaghan90 3 місяці тому +1

    European defense is definitely better than continually relying on America.
    it is right that Americans and Europeans each take their own path.

  • @PRAWDATOJEST-vd9eq
    @PRAWDATOJEST-vd9eq 4 місяці тому +2

    The SAARC organization should create a single market and zones without border controls

  • @Sloyment
    @Sloyment 4 місяці тому +2

    Rare earths are NOT essential for making electric motors. They allow for smaller and lighter motors, but you could make cool electric cars with conventional motors.

    • @danskdreng1993
      @danskdreng1993 4 місяці тому

      but it is also true that rare earths are used for other technologies, it is certainly not just the electric car.

    • @renacimientoargentino7515
      @renacimientoargentino7515 4 місяці тому

      And how many of those other tech are made in europe?
      Today must stuff comes from China, South Korea, Southeast Asia because those countries lower taxes, regulation, labor costs and so on.

  • @PRAWDATOJEST-vd9eq
    @PRAWDATOJEST-vd9eq 4 місяці тому +1

    LNG gas can be imported from Argentina, Europe can buy LNG gas there, purchase 100 miliard cubic meters of shale gas every year

  • @user-tp9uo2fq7j
    @user-tp9uo2fq7j 4 місяці тому +1

    I hope FOR a FEDERAL EUROPE! Ps. Good video.

  • @pollutingpenguin2146
    @pollutingpenguin2146 4 місяці тому +9

    10% in 2030? How groundbreaking…

    • @Richard1A2B
      @Richard1A2B 4 місяці тому +17

      10% in six years is by no means under achievement. It's realistic planning.

    • @foxy6144
      @foxy6144 4 місяці тому +10

      compared to current 0%? definitely yes

    • @tpower1912
      @tpower1912 4 місяці тому +2

      ​@@Richard1A2BIt's over ambitious if anything

    • @juhotuho10
      @juhotuho10 4 місяці тому +3

      Supply chains are complicated and expensive. it's not exactly easy to just create up a whole system from mining to refining and processing materials.

    • @Vagolyk
      @Vagolyk 4 місяці тому +1

      I agree, that is not mindblowing. However, if achived the value of precedence (planning experience and supply chains) will probably pave the road for a bigger percentage.

  • @naakatube
    @naakatube 4 місяці тому

    Great!

  • @Behold-a-Duck
    @Behold-a-Duck 4 місяці тому +1

    Finally

  • @joaquimbarbosa896
    @joaquimbarbosa896 4 місяці тому +1

    The CRMA is one of the best laws proposed by the EU, and comes in handy as it will help increase eletronic, semiconductor and clean tech production as all as intensive in critical raw materials

  • @embreis2257
    @embreis2257 4 місяці тому +3

    no mentioning where they hope to extricate which material from the ground? Sweden seems able and eager to provide some of those and because it is more expensive to dig these ores in Europe than anywhere else in the world, this new act provides a legal foundation on which to base considerable investments while not losing any money in the end, right?

    • @pionieresvizzero2224
      @pionieresvizzero2224 4 місяці тому +2

      nothing is perfect, but that's no reason to do nothing. It is certainly more convenient to take from poor countries at low cost, but if they close the taps there are enormous problems for the importing countries.

    • @joaquimbarbosa896
      @joaquimbarbosa896 4 місяці тому +2

      Sweden, Finland, Germany, France, Norway, Portugal and Spain are the key countries here
      Furthermore technology like geothermal lithium and CHPM are alternatives to mining in wich Europe is ahead

  • @xtian2010
    @xtian2010 4 місяці тому +6

    STRONGER TOGETHER! 🇪🇺

  • @JoelMunizVilla
    @JoelMunizVilla 4 місяці тому

    Too late and too little, Brussels!!!!!

  • @CrownRider
    @CrownRider 4 місяці тому

    Imports from China such as Electric Vehicles provides plenty of raw materials such as Lithium, Copper and Magnet to recycle after some years....

  • @jojje3000-1
    @jojje3000-1 4 місяці тому +1

    EU should break free from the US

  • @killua4717
    @killua4717 4 місяці тому

    Could you guys make a Video on euidas(the id wallet) and the Digital euro. Especially what has happened in regards to data safety?

  • @nenitaschmidt7197
    @nenitaschmidt7197 4 місяці тому

    Europe is ZOOM, scared of other nations.

  • @larzkruber822
    @larzkruber822 4 місяці тому

    Thanks for news that the media doesn´t care about to post
    I only get stuff about, what goes wrong in the EU

  • @StillAliveAndKicking_
    @StillAliveAndKicking_ 4 місяці тому

    You didn’t explain how this will in practice be implemented.

  • @PuNicAdbo
    @PuNicAdbo 4 місяці тому

    Good.

  • @MartinNew14
    @MartinNew14 4 місяці тому +74

    To make the EU independent, it needs to foster innovation (create unicorns) and achieve military autonomy from the US. Additionally, deregulating the mining industry is crucial for competitiveness, as China's less regulated industry provides an advantage, causing a setback for the European mining sector.

    • @FernandoPerez3h.
      @FernandoPerez3h. 4 місяці тому +2

      true

    • @rustix3
      @rustix3 4 місяці тому +15

      "Create unicorns" and I would add maybe even more important to retain them in EU.

    • @abadyr_
      @abadyr_ 4 місяці тому +15

      Deregulating mining is an awful idea mid- to long term. Even if we had a regulation as awful (or an exploitation as corrupted) as in China, the labor cost would remain much higher in the UE (unless you also want the workers to be treated as slaves, with even less pay that the Chinese in comparison to PPP, since life is more expensive in the EU).
      So we still would not be competitive, but people living anywhere near a mine also would end up struggling to survive in a poisoned, barren hellscape. Except for the people killing themselves or dying of deseases (and the cost in term of treating sicknesses would greatly increase as well)

    • @hungrymusicwolf
      @hungrymusicwolf 4 місяці тому +2

      ​@@abadyr_That's shortsighted. There's plenty of innovation possible to reduce the need for for labor and use technology instead. There just needs to be enough money in it to do it. Now that we actually deregulate and incentivize it that innovation becomes possible and we can build an industry.
      As anyone with any expertise in this knows: operating at scale is more efficient than operating in individual countries. The moment you have an industry the entire thing becomes cheaper.
      Deregulating mining is a great idea exactly mid- to long term. The short term is the downside where you have land, people, and legal issues to settle from it.

    • @silveriver9
      @silveriver9 4 місяці тому

      The US doesn't care about the EU. You guys blew up Europe's critical energy infrastructure (nordstream). The US is in rapid decline.

  • @SpiritofNature
    @SpiritofNature 4 місяці тому

    It should have been done like decade ago.But I guess late is better than never.

  • @giovannisignorini2597
    @giovannisignorini2597 4 місяці тому +1

    when will be the vote?

  • @rinokumera5907
    @rinokumera5907 4 місяці тому +1

    Yay

  • @curiousuranus810
    @curiousuranus810 4 місяці тому +2

    About 40 years too late but at least the EU is doing something now - just got to get someone making semiconductors as well.

    • @Siranoxz
      @Siranoxz 4 місяці тому +2

      ASML in the Netherlands makes machines to make semi conductors yes.

    • @curiousuranus810
      @curiousuranus810 4 місяці тому +1

      @@Siranoxz Brilliant, now let's make the semi conductors as well as the machines

    • @ChristiaanHW
      @ChristiaanHW 4 місяці тому

      @@curiousuranus810 i'm pretty sure some of the big semiconductor producers are working on building plants in the EU.
      but building those facilities takes a long time.

    • @curiousuranus810
      @curiousuranus810 4 місяці тому

      @@ChristiaanHW Good because it seems beyond foolhardy to leave the bulk of manufacturing to a small island near China.

  • @may_68
    @may_68 4 місяці тому

    Does this mean local and national government will be sidelined? I can understand a single point where business can get permission but your video said that it would be used by governments. Surely they don't need a mandated office to get permission?

  • @thomasnorb4077
    @thomasnorb4077 4 місяці тому +2

    Why not show all of the special territories? French Guiana is France! Also, why don't you include the EEA countries? Two shades of blue is all you need, and it would make the picture more complete. The EU's influence and power does not end at the border with Sweden.

  • @snowmanscz1011
    @snowmanscz1011 4 місяці тому +1

    It’s a step in the right direction but I think it should be more ambitious.

  • @Siranoxz
    @Siranoxz 4 місяці тому

    Japan is also in the same situation as Europe, if Europe and Japan start having bigger ties then just FTA's and venture into scientific and development collaboration then it would benefit both Japan and Europe.

  • @user-nn4yx2rp3o
    @user-nn4yx2rp3o 4 місяці тому

    Where are we getting them Com hon ??? America at triple the cost know your enemy

  • @vadergrd
    @vadergrd 4 місяці тому +1

    maybe eu should think about space exploration .... like asteroid mining

    • @Siranoxz
      @Siranoxz 4 місяці тому +2

      Thats what the ESA is for, and Europe is not alone, other countries want to pledge for asteroid mining which will become a lucrative industry.

  • @bosto
    @bosto 4 місяці тому +1

    EU is slowly but surely taking steps forward to become independent global super power

  • @eliasrutten3814
    @eliasrutten3814 4 місяці тому +1

    Sadly the CRM act is a good step in the right direction, but far from achieving independence. It has too little financial commitment from the EU to potential mine exploiters and there is too little talk about unfinished manufactures imported by the EU which actually make up the bulk of the dependency. I will be publishing an article about it in Dutch tommorow if anyone is interested.

    • @artemkh8944
      @artemkh8944 4 місяці тому

      Better to do something than nothing at all. In the vast majority of cases, big changes do not happen overnight. But little by little things can get better. We just gotta be patient. Especially that EU is not 1 country, but a gathering of different tribes and nations.

  • @alexandrecaldeira7674
    @alexandrecaldeira7674 4 місяці тому

    Best way to end dependency and really turn around everything is ESA be able to mine mineral on space. tecnology exists and is eficient, just scale it up and invest. Space mining is investing in EU independance and sustainability in the long run.

  • @TijronIgg
    @TijronIgg 4 місяці тому +6

    For the extraction of raw materials, could it set a precedent to encourage environementaly harmful projects just for the sake of producing at home ?

    • @MotoRide.
      @MotoRide. 4 місяці тому +6

      With EU environmental regulations, these materials will be harvested with far less implications, than in countries like China or Russia

    • @Doge811
      @Doge811 4 місяці тому +2

      At this point who cares? The lifestyle of hundreds of millions of Europeans depends on that.

    • @terminatora1249
      @terminatora1249 4 місяці тому

      Yeah this is what worries me too

  • @simonbolivar6960
    @simonbolivar6960 4 місяці тому +3

    ok i understand for 10% extracting you can put some money or giving permits to open mines whenever possible in the EU. But 65% cap for buying from one single country? I had the impressions all the rare earth materials are in china. How does the EU plan to achiev 65%? Just subsidizing companies that buy from other sources? Buying through intermediaries like india with the russian oil?
    you have to explain more this matter

    • @Richard1A2B
      @Richard1A2B 4 місяці тому +10

      They are in Australia and Brazil too

    • @rustix3
      @rustix3 4 місяці тому +9

      @@Richard1A2B I think also there is a lithium triangle in South America: Chile, Bolivia, Argentina. On the other hand USA has actually plenty, but in abandoned state, because it's way cheaoer also for them to buy from China.

    • @alexiospolitis
      @alexiospolitis 4 місяці тому +3

      Greece is also suspected to have vast deposits of rare earth minerals under the mountains. Exploration to verify this are to begin in late 2024 / early 2025.

  • @liva236muzika
    @liva236muzika 4 місяці тому

    I just can't believe there wasn't a big BUT at the end: Hungary is vetoing the act. Pinch me.

  • @bluedragontoybash2463
    @bluedragontoybash2463 4 місяці тому +3

    Summary of this video
    1. EU is dependent on various issues.
    2. Dependency includes gas from Russia, military help from the States, and computer chips from Taiwan.
    3. Raw materials like cobalt, magnesium, and rare earths are crucial for manufacturing various products.
    4. 100% of rare earths for permanent magnets, essential in electric motors, are refined in China.
    5. Dependence on China for these materials poses a significant problem.
    6. The Critical Raw Material Act is Europe's plan to address the issue.
    7. The Act aims for the EU to produce at least 10% of essential materials domestically by 2030.
    8. The goal is to turn these materials into useful products 40% of the time.
    9. Additionally, the EU aims to recycle these materials at least 25% of the time.
    10. The EU seeks to diversify sources, not buying more than 65% of materials from a single country.
    11. The plan aims to reduce dependence and mitigate potential supply disruptions.
    12. Each European country will have a single contact point for necessary permissions for mining, processing, or recycling.
    13. The EU has mostly agreed on the plan, awaiting a formal vote for implementation.
    15. The objective is to enhance readiness for unforeseen events or disruptions.
    20. The formal vote is the next step in implementing the Critical Raw Material Act.
    23. Dependence on China for refining rare earths raises strategic concerns.
    24. The Act promotes a more balanced distribution of material sources.
    27. The Act emphasizes the importance of not relying too heavily on a single supplier.
    Some AI bullet point is removed because of redundancy.

    • @glxyzera7532
      @glxyzera7532 4 місяці тому +1

      my brother really just summarized a 2 minute video lmao

    • @bluedragontoybash2463
      @bluedragontoybash2463 4 місяці тому

      its AI generated, so I probably spent like 15 second to generate it. @@glxyzera7532

  • @PRAWDATOJEST-vd9eq
    @PRAWDATOJEST-vd9eq 4 місяці тому +1

    Gas can be purchased from Turkmenistan. Turkmenistan has gas resources of 10/13 billion cubic meters of gas. Turkmenistan can supply 100 miliard cubic meters of gas to Europe, it is enough to build gas pipelines to transport gas. Iran has gas resources of 33 bilion cubic meters of gas. Iran can also transport 100 miliard cubic meters of gas to Europe. cubic meters of gas, Elropa will gain 200 miliard cubic meters of gas

    • @jonkoops
      @jonkoops 4 місяці тому

      There is plenty of gas in the North Sea and Baltics, no need to even go outside of the EU.

  • @GeorgeWashingtonLaserMusket
    @GeorgeWashingtonLaserMusket 4 місяці тому

    That's one increidbly low bar goal. 10% in 6 years is easy.

  • @seanlander9321
    @seanlander9321 4 місяці тому +1

    Australia is the world’s most reliable and ethical supplier of rare earths and green minerals. Yet it’s been under a punitive trade embargo inflicted for generations by Europe at the behest of France. What advantage is it to Europe to exclude Australia from fair trade?

    • @esajpsasipes2822
      @esajpsasipes2822 4 місяці тому

      I wonder how this came to be? Because I can't think of a reason why would we not trade with Australia.

    • @seanlander9321
      @seanlander9321 4 місяці тому

      @@esajpsasipes2822 The Gaullists initiated the trade embargo, hilariously though they omitted wine. The embargo is appalling as Australia has long been singled out by Europe for trade punishment for no reason. In the latest round of ‘trade negotiations’ the Europeans made an offer of no increased access to the EU for Australian produce but that Australia’s essential minerals had to be at a guaranteed supply at rates set by Europe. Australia gave a very firm ‘fuck off’ in reply.
      In the meantime China has the economic advantage of using Australian minerals in its EV production and those EVs are really starting to hurt European industry, which just goes to show that karma really does win.

  • @Fenixion88ZX
    @Fenixion88ZX 4 місяці тому

    I love that we are building an independent and stronger Europe and not just a USA puppet.

  • @arthurlevin
    @arthurlevin 4 місяці тому

    Diplomacy, please start talking peace

  • @0xCAFEF00D
    @0xCAFEF00D 4 місяці тому +1

    You can't just wish away your international dependancies.

    • @ChristiaanHW
      @ChristiaanHW 4 місяці тому +1

      but you can work towards it. you need to set a goal to know where you want to go to.
      and at the very least they have to diversify the sources of those critical materials/goods. that way if a nation becomes hostile instead of losing 100% of the supply, you only lose X% of supply and have the time to look for new suppliers.

  • @blackgate4735
    @blackgate4735 4 місяці тому

    Is there some news about the EU expansion?

  • @rozenzoon
    @rozenzoon 4 місяці тому

    It is going to be a challenge. Why don't we start out with sea mining, as someone said in the comments and then invest in the future For exaple Space! A scary frontier to invest in, but we can not for always take from the earth

  • @PRAWDATOJEST-vd9eq
    @PRAWDATOJEST-vd9eq 4 місяці тому +1

    India-Pakistan-Iran-Middle East-Europe Economic Corridor (IMEEC): A Global Economic Revolution

    • @bobbobo1503
      @bobbobo1503 4 місяці тому

      You mean the iran who is supplying russia with hundreds of drones and bombs?

  • @martintatarov7226
    @martintatarov7226 4 місяці тому

    EC free from China !?

  • @Shindeiru69
    @Shindeiru69 4 місяці тому +1

    Hungary will veto it.

  • @eclipsenow5431
    @eclipsenow5431 4 місяці тому

    Push those QVM reforms through soon, and any extra legislation for turbo-charging Europe-wide reforms becomes so much easier and more effective. Also, as Europe Federalises, you'll have ONE Financial Policy that will be able to take advantage of Modern Monetary Theory and show the USA how to do it! What do you think that would look like? Would all national debts be rolled over into the one European situation and smoothed out?

  • @NoEndForUs
    @NoEndForUs 4 місяці тому

    Is is just me or the commentator really sounds a lot like Felix ( PewDiePie)? 😂👊❤

  • @Siranoxz
    @Siranoxz 4 місяці тому +1

    You thank me?.

  • @nbgoodiscore1303
    @nbgoodiscore1303 4 місяці тому

    Please cut on education spending. Parents are the ones doing the heavy lifting. Families need a push to find ways to have their children help a little bit at work. Raising kids is way too expensive.

  • @rexiioper6920
    @rexiioper6920 4 місяці тому

    how to increase inflation in the EU

  • @istoppedcaring6209
    @istoppedcaring6209 4 місяці тому

    why not immediatly make it so the extraction companies are EUnationalised , and pay out in a very similar eunational fund like norway has or pay out dividends to all Eu citizens, this could also make sure that ressources can efficiently be extracted in any EU country without exploitation of that country's people since the entire union would benefit

    • @esajpsasipes2822
      @esajpsasipes2822 4 місяці тому

      so like all citizens would have a part in the company? Would all citizens want to buy a part of the company? Ig that since there are so many citizens, the money required from each one to pay for all the things needed for extraction - all the machinery, infrastructure, logistics - would be tiny, but so would be the dividends then. Or would the EU itself fund the company and then get the profits?

    • @istoppedcaring6209
      @istoppedcaring6209 4 місяці тому

      @@esajpsasipes2822 if it is a state company it would be tax funded, people pay taxes, or did equinor prove a failure all of a sudden?

    • @esajpsasipes2822
      @esajpsasipes2822 4 місяці тому

      @@istoppedcaring6209 i just don't see why would people get dividents. If the company gets funded from taxes, then the profits should go to the country, that can use it to lower spending and the deficit. Saves you a ton of work calculating the dividents and distributing them. Not to mention, why should the people get dividents from something they haven't helped build? The state built and funded the company, not the people. Either way, at eu level, this would need a fiscal union first, and i'm not sure that can pass through. Maybe if the QMV goes through, which it could because i think it states it only needs to be ratified by 22ish states.

  • @townazier
    @townazier 4 місяці тому

    Please do at least a short video on EU stance over the shitshow on Slovakian government this year!

  • @lluc84
    @lluc84 4 місяці тому

    too little too late as usual in the EU

  • @ivanvikalo4995
    @ivanvikalo4995 4 місяці тому

    Wonder why only 10 percent. Would have been better to have around 33 percent, maybe by 2036 or so

    • @Vagolyk
      @Vagolyk 4 місяці тому +3

      Might be reasonable: it is harder to start the ball rolling, than keep it moving.

    • @ivanvikalo4995
      @ivanvikalo4995 4 місяці тому

      @@Vagolyk Agree. Maybe I was a bit too optimistic. But yes, hopefully the ball will start rolling faster in time

  • @teckmenglee8060
    @teckmenglee8060 4 місяці тому

    Nice plan, but cannot be achieved.

  • @PRAWDATOJEST-vd9eq
    @PRAWDATOJEST-vd9eq 4 місяці тому +1

    We need a free trade agreement between the European Union - Pakistan, EU-Pakistan, European Union - ASEAN, EU-ASEAN, European Union - African Union, EU-Afrika, European Union - INDIA EU-INDIA, European Union - MERCOSUR EU-MERCOSUR, European Union - Afghanistan EU - Afghanistan, European Union - Iran, EU-Iran, European Union - Gafta EU - Gafta, European Union - Central Asia Turkmenia Uzbekistan Tajikistan Kyrgyzstan

  • @jezusbloodie
    @jezusbloodie 4 місяці тому

    Say what you will about the relations with China, but our flags are hella easthetic next to each other

  • @PRAWDATOJEST-vd9eq
    @PRAWDATOJEST-vd9eq 4 місяці тому +1

    Oil can be purchased from Somalia, oil reserves in Somalia are 111 miliard barrels of crude oil, oil refineries can be built in Somalia

  • @patrickbianchi1146
    @patrickbianchi1146 4 місяці тому +1

    😂😂😂😂
    EU is a U.S coloni

  • @wolfgangrenner4152
    @wolfgangrenner4152 4 місяці тому +2

    The dependencies form Chinas raw material is much more complicated as an european supply theme. Remember following: Small magnets are used in Toys motors like from Drohnes etc.. Europe has no industries which use small magnets. No Hardisks, no small e-motors, no computers. All this is exclusively produced in China. Why to worry about the supply chain for products the EU space is in general not producing !? Larger magnets are used in car engines and wind turbines. But there is no problem to equipe Wind turbines and car engines with pure copper/iron machines. And that today all wind wings and generators are made in China is not because of an unsolvable raw material problem, but simply a problem of production costs. A chinese generator is much cheaper than an european made generator. Independent of magnets and raw earth supply. One case more: Europe depends to 100 % on chinese light bulbs. The EU had forbidden traditional glowing or mecury light systems. And China dumped the entire lightbulb industry of Europe to death. OSRAM, Philips etc. are only in history books remembered as "European" Industry Icons. But the Green EU politics destroyed and destroys further european industries. This is also valid with the combustion cars prohibition, which serve the same target as the prohibition of tradition (european made) light bulbs: To give the ENTIRE market to China. So the problem is much bigger, than only the dependency from chinese rear earth material and Gallium for exampel. The Galliumnitrid semiconductors become substituted with Siliciumcarbid as far as possible. Bud as far as I know LED bulbs can only produced with GaN and not from SiC. So no rebuild of an european light technique industry is possible. But even if SiC could be used for LED light. The europeans cannot competete against chinese production costs. Seen with Solarpaneels, Windturbines and the entire consumer stuff. Rare earth dependencies is only a small puzzel stone of european industrial collaps after 2000.

  • @dennisengelen2517
    @dennisengelen2517 4 місяці тому

    If it weren't for border control then I'd rather have a union between the developed richt North-Western countries without those poor South-Eastern countries (Former east block, Balkan,..).
    Having our borders open to Polish workers taking jobs away because illegally low incomes here are high incomes in shit countries like Poland along with them bringing criminality and barbarism is NOT how a union should work.

  • @bosebose21
    @bosebose21 4 місяці тому

    Please invest in 🇮🇳. Same cost benefits, risk is diversified.
    🇮🇳 ❤❤❤❤❤ 🇪🇺

  • @Mosern1977
    @Mosern1977 4 місяці тому +6

    Yeah... And then the environmentalists come in and say - no to mining. And then 20 years of legal battles ensue.

    • @the11382
      @the11382 4 місяці тому

      People and organizations move mining and factories to China and say they almost saved the planet.

  • @robertchen4673
    @robertchen4673 4 місяці тому +2

    kudos for EU's promising inflation ratebasic economics: recycling infrastructure investment, ore refinery investment, higher purchase price from diversified market, those price will eventually be a painful backlash to hurt taxpayer

  • @PRAWDATOJEST-vd9eq
    @PRAWDATOJEST-vd9eq 4 місяці тому +1

    Venezuela should increase oil production to 15 million barrels of crude oil per day, Iran to 10 million barrels of crude oil per day, Iraq to 8 million barrels of crude oil per day, Libya to 4 million barrels of crude oil per day

  • @petr1079
    @petr1079 4 місяці тому +1

    It is good that the EU is striving for independence, especially in relation to dictatorships.
    It is a pity that this is coming so late, after the bitter experiences of recent years. I would like to see people in charge with insight and the ability to plan strategically ahead.
    Sadly, this is where many dictators seem to outperform democracies.
    When Morocco once wanted to join the EU, it was turned down on the grounds that it was impossible, that they were not in Europe. As if there were no countries across continents. The ancient Romans and Greeks didn't mind their countries stretching across continents. Russia and Turkey don't mind either. Who in the EU comes up with this nonsense? Is it about values or continental borders?
    That Morocco, for example, is a vast country with lots of minerals. As for phosphates, it has virtually all the world's reserves. Kazakhstan is also being talked out of membership, yet it is half the size of the EU and who knows what lies under the ground. It is time to start thinking differently from the past.
    There is also a need to develop and interconnect a space industry and a joint military. The US benefits greatly from this technologically.

    • @ChristiaanHW
      @ChristiaanHW 4 місяці тому +2

      let's set the most obvious point aside and come back to that later
      first: Morocco is cultural (and governmental) way to different to become part of the EU.
      second: their location is a potential danger to the EU. they would become a magnet for millions of migrants, who can just walk across the desert to get into Europe.
      third: together with all the other criteria to exclude Morocco they have territorial disputes about the Western Sahara and the cities owned by Spain.
      and now the elephant in the room:
      why couldn't Morocco enter the EU ?
      maybe because it's the European Union so it's kinda in the name that it's a Union of European nations. i know big shocker.
      maybe and it's a big maybe, in the future we can get something like the EFTA for countries along the Mediterranean. because they could become strategic partners of the EU.
      but becoming members of the EU is impossible.
      and before we get to an EFTA style of cooperation with them they need to evolve a lot to become reliable partners for the EU, because at the moment they are one coup away from becoming a threat.

    • @petr1079
      @petr1079 4 місяці тому

      @@ChristiaanHW
      Sorry but it's all pseudoarguments. Imagine that Greenland was part of EC from 1973 to 1982 and still is OCT despite the fact it's territory is in Amerika. Big shock for you I know 🙂. Turkey is candidate and nearly all it's territory is in Asia. Border disputes are also nothing new in the EU. Croatia, Slovenia for example. Ukraine is candidate and it's territorial disputes with Russia is well known.
      To cross the Sahara desert is probably lot more difficult then the Mediterranean sea. On the contrary the land borders are easier to control. Etc.

    • @ChristiaanHW
      @ChristiaanHW 4 місяці тому

      @@petr1079 Greenland is part of Denmark so when Denmark became a member, Greenland became one to. It's the same with oversees territory of European nations, they get to become part of the EU too.
      As for Turkey, Ukraine and Morocco.
      Being a candidate doesn't mean you're going to get in. They still need to comply with all the requirements for entry. So in the case of Ukraine: they will need to at least get a cease fire to have a chance of getting in.
      And as for Turkey, being mostly in Asia is precisely why a lot of Europeans don't want them into the EU. And that's beside all the things that make Turkey completely incompatible with the EU.
      Let's first unite Europe and after that we might want to look at others.
      In the meantime the EU has the time to work out the problems they still have.
      And non-European countries can use that time to show why they could be an asset to the EU.
      And they can work on getting aligned to the EU.
      But like i said, the EU's first priority is Europe.
      That's what is was set up for (peace, prosperity and safety in Europe) and that's what they should accomplish first.

    • @petr1079
      @petr1079 4 місяці тому

      @@ChristiaanHW
      "Let's first unite the Europe..." OK why not, I agree with that. On the other hand, my point is, it's not necessary to wait on the last state in Europe... Really important criterions are values and common goals. To oust any country just because it's on the other continent is stupid. Morocco would probably end like Turkey. Waiting for the membership for long decades. But where is the problem? It could help them to develop. We would be closer and if there is another country outside Europe who would be progressive, like to join and reform, it could be more beneficial for the EU then some trablemakers in Europe.
      By the way, the boundaries of the continents are set somewhat arbitrarily. Asia is simply because the ancient Greeks, who of course did not know enough about the geography of the Earth, thought that the Bosphorus separated two continents and so they called it Asia on the other side. They didn't know that beyond the Black Sea and then the Caspian Sea the land joins back together and it's actually one continent. That is why today we also call the Middle East Asia, even though it is historically much closer to Europe than to China, for example. That old Greece itself was of course also in that Asia and even in Africa. They had no problem with it.

  • @PRAWDATOJEST-vd9eq
    @PRAWDATOJEST-vd9eq 4 місяці тому +1

    Europe can buy rare earth elements from Brazil

  • @ongsengfook
    @ongsengfook 4 місяці тому +2

    China can reciprocate. Reduce reliance on French wine, Italian branded products etc. Don't think people are stupid.

  • @Karim94222
    @Karim94222 4 місяці тому

    The EU can talk big all they want, they cant even come to terms with Mercosur.

    • @Siranoxz
      @Siranoxz 4 місяці тому

      Mercosur has its own reasons.

  • @user-oj4ll2bf6k
    @user-oj4ll2bf6k 4 місяці тому +2

    Europe are lost in war 80 years ago. So Europe will not allowed to be free ang independent. Its only empty dream.

  • @m.j.5333
    @m.j.5333 4 місяці тому +2

    Eu became insignificant world player

  • @gunsumwong3948
    @gunsumwong3948 4 місяці тому

    We all know what will happen. The EU did remove the dependency on Russian cheap oil and gas by paying electricity 2 to 3 times. Instead of depending on turning on a valve to get oil and gas from installed pipelines EU now depends on LNG and oil shipped over the ocean from thousand miles instead. This Houthi firing at ships having a connection with Israel will show up how good is the newly shifted dependency.
    The spectacular part is EU does all this to itself and to prepare itself to be unfriendly with everyone. EU cannot live in a world where nations inter-depend with each other in a peaceful environment but must buy arms and weapons to prepare for war for ever.

  • @tnnsboy18
    @tnnsboy18 4 місяці тому

    10% psst, the EU fails once again!

  • @Emanon...
    @Emanon... 4 місяці тому +3

    How about we "break free" militarily from the US?
    The only legitimate and legal US interventions have had broad international support behind them.
    The illegal and highly costly (in civilian lives, stability and treasure) foreign entanglements of the US where some EU/NATO nations have been drawn in, have on thw ither hand been uttee disasters for Europe in terms of refugees, regional stability and moral authority.
    "The US shits and the EU picks up after them" would be an undiplomatic, but very honest, description of the current state of affairs.
    Does strategic autonomy not include the most basic principle: The ability to protect your own citizens without reliance on fickle foreign powers?

    • @Doge811
      @Doge811 4 місяці тому +3

      They are planning on that too.

  • @peteip2604
    @peteip2604 4 місяці тому

    Rare Earths are not rare, it's extracting the elements from the ore. The EU can never extract them at a cheaper price, than China can. The same reason why the EU cannot get cheaper oil and gas, elsewhere. Lets say the EU can mine these ores, but can they produce these elements cheaper than China? Gold is gold, rare earth elements are rare earth elements, who one earth is willing to produce these elements at 6 times the cost?

    • @NoName-hg6cc
      @NoName-hg6cc Місяць тому

      It's worth it if EUrope wants to be independent

  • @CrimsonTide001
    @CrimsonTide001 4 місяці тому +2

    EU made simple: Basically a bunch of unelected elites decided they wanted to rule Europe.

    • @dariob9786
      @dariob9786 4 місяці тому +2

      Then vote for parties at the European elections in June who want to abolish the veto right, and who fight for the directly elected EU parliament to have the final say in European politics. Like Volt for example, even if you're outside of the EU. Don't complain. Head to the polls and cast your vote.

    • @CrimsonTide001
      @CrimsonTide001 4 місяці тому +1

      @@dariob9786Or better yet, get out of the EU before it's too late.

    • @RaduRadonys
      @RaduRadonys 4 місяці тому

      @@CrimsonTide001 Angry Brit detected.

    • @CrimsonTide001
      @CrimsonTide001 4 місяці тому

      @@RaduRadonys Wrong continent. But remind me what happened the last time the Germans tried to rule Europe?

    • @RaduRadonys
      @RaduRadonys 4 місяці тому

      @@CrimsonTide001 It doesn't matter, that time Germany tried to rule alone, now there's 27 countries. Spot the difference please.